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India: Bhim (Bharat Interface for Money).
Government of India is looking at increasing usage of BHIM app by integrating
it with Aadhaar for transaction in few weeks time. 38 crore people have already
linked their bank accounts with Aadhaar and can receive payments directly from
the UPI app without having to register first.
Transactions where Aadhaar is listed as a payment ID on the BHIM app will not
require any biometric authentication or prior registration with the bank or
United Payment Interface (UPI). This will make it more mainstream single
almost one-third of India already has Aadhaar numbers, which have been linked
to their bank accounts.
BHIM app for UPI, launched by Prime Minister Narendra Modi in December 2016
works on both feature as well as smartphones.
Through Aadhaar, any person large service provider or independent ones such
plumbers or carpenters, irrespective of whether they are on BHIM or not- can
get payments for their services directly into their bank accounts if it is
linked to Aadhaar.
This is issued for public information and for the benefit of sunderfriends.
Sunder Thadani. 20170117.
sunderkt@gmail.com
https://youtube.com/TheSunderkt
+91 797 798 8099
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