News about Aadhaar.
February 24th, 2017
India Post is to allow consumers to send and receive money using only their Aadhaar number from September 2017, when the government-operated postal system launches its own payments bank. “We will bring out a solution to make Aadhaar a payment address,” IndiaPost CEO AP Singh told The Economic Times. “People who already have an Aadhaar should be able to receive payment from any source.”
February 22nd, 2017
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva has launched PayPlus Aadhaar Pay, a merchant payment acceptance solution designed for rural India that will enable merchants to accept in-store payments through Aadhaar numbers and biometric-based…
February 21st, 2017
Indian consumers can now make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National Payments Corporation of India (NPCI)….
February 13th, 2017
All 558,000 ration shops across India will be enabled to accept Aadhaar-based payments by June 30 this year, The Times of India reports, with all those in Gujarat, Andhra Pradesh and Rajasthan states already Aadhar-enabled. The government wants to bring all citizens under the biometrics-based ID system within the same timeframe, adding it will “not force it on people”, the report adds.
February 2nd, 2017
The Government of India has introduced a series of incentives designed to encourage consumers and businesses to adopt digital and mobile payments and significantly reduce the use of cash in the economy — including plans…
February 1st, 2017
The Indian government has unveiled new measures to promote a digital economy during its 2017 Budget speech, including “the imminent launch of Aadhaar Pay, a merchant version of the Aadhaar-enabled payment system”, The Times of India reports. Two new schemes will be launched to promote the use of the BHIM mobile payments app, while “the government decided to remove all duties on point-of-sale devices, fingerprint readers and similar devices” to promote cashless transactions.
January 31st, 2017
More than 14 banks have signed up to support Aadhaar Pay, a service set to be unveiled by the Government of India that will enable consumers to receive and make payments using biometrics. “They can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money,” law and IT minister Ravi Shankar Prasad told a press conference reported by Live Mint. Aadhaar Pay will be available through the BHIM mobile payment service launched in India by president Narendra Modi earlier this year.
January 27th, 2017
Customers of DCB Bank in India will be able to carry out transactions such as opening a bank account by having their eyes scanned and verified against the country’s Aadhaar biometric ID database. “A bank representative points the camera at the person’s eyes for about three to five seconds and the Aadhaar details are retrieved from the Aadhaar database,” The Economic Times reports. The feature will roll out to nearly 250 branches in the next six months.
December 5th, 2016
The Government of India is working on a mobile app that can be used by shopkeepers and merchants for receiving Aadhaar-authenticated payments, “bypassing credit and debit cards, PIN and password”, Business Standard reports. “Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar-enabled payment,” the publication says. The Unique Identification Authority of India (UIDAI) is also planning to increase the number of biometric authentications made through Aadhaar to 40 crore (400m) a day from 10 crore (100m) to “encourage more use of the platform”.
October 18th, 2016
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.
February 11th, 2015
National Payments Corporation of India (NPCI) has published the first draft of a specification that will be used to introduce an electronic payments system that leverages both mobile payments and Aadhaar, India’s biometrics-based ID system. “This Unified Payment Interface document provides a payments architecture that is directly linked to achieving the goals of universal electronic payments, a less cash society and financial inclusion using the latest technology trends,” NPCI says.