PM Narendra Modi launches BHIM-Aadhaar app; Here’s how it works
The app authenticates a customer’s biometric details linked to his Aadhaar account through fingerprint scanner. The
app can thus does away with the need to remember banking details such as
PINs and make cashless transactions simpler and hassle-free.Prime Minister Narendra Modi on Friday launched BHIM Aadhaar app
for retailers and merchants which lets citizens make purchases without
their smartphone or even credit/debit cards.
How BHIM Aadhaar app works
The app authenticates a customer’s biometric details linked to his
Aadhaar account through fingerprint scanner.
The app can thus does away
with the need to remember banking details such as PINs and make cashless
transactions simpler and hassle-free.BHIM Aadhaar works on National Payments Council of India’s (NPCI’s)
existing product -- Aadhaar Enabled Payment System (AePS). “This will
directly cater to about 40 crore bank account customers spread across
the country whose account is linked with Aadhaar. It is a huge
opportunity for enabling digital transactions as about 99 percent of
adult population is now Aadhaar-enabled,” said AP Hota, Managing
Director and Chief Executive, NPCI.
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