Aadhaar Pay for Cashless Transactions to Be Launched Soon: Prasad

Government will soon take off Aadhaar Pay benefit that will empower individuals to make and get installments utilizing their Aadhaar number and biometrics.

“We will begin Aadhaar Pay. With this individuals won’t require to convey their telephone for installments. They can visit any dealer, share their Aadhaar number and check themselves utilizing biometrics to pay and get cash,” Electronics and IT Minister Ravi Shankar Prasad said on Friday.

Starting at now, 14 banks have gone ahead board for Aadhaar Pay and the administration will be propelled soon, Prasad told correspondents.

“We are in converses with different banks as well. The administration will be propelled soon,” he educated.

Promote, the Minister stated, Bharat Interface for Money (BHIM), the regular stage for making brisk installments utilizing the Unified Payments Interface (UPI), has additionally been incorporated with Aadhaar Enabled Payment System on Thursday.

Around 111 crore individuals in the nation have Aadhaar numbers.

“There are 49 crore financial balances connected to Aadhaar. Consistently 2 crore records are being seeded with Aadhaar,” Prasad said.

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