Aadhar Payment App Download For Android & Apple How To Use For Merchant, Seller & Customer
Aadhar Payment App Download @ available on playstore and apple itunes Store to pay & get Digital transaction payment systems for customer and seller (merchant). You can download Aadhar payment app for android, Aadhar payment application for Itunes Store How to use in Hindi Payment getway through atm cards & net banking pay electricity bills & mobiles bills, Mobile recharge and many more services updated soon.
Information About Aadhar Payment App Download
PM Narendra Modi is also emphasizing on the importance of cashless economy and digital transactions. On the occasion of Christmas, he has launched several schemes to promote use of cashless economy across the country Aadhar Payment App Download. 15000 lucky customers will be rewarded Rs. 1000 cash for next 100 days (will rectify figures if wrong).
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Digi Dhan scheme is launched to promote use of digital transaction among shopkeepers/merchants. Not just the merchants, Aadhar Payment app would also be beneficial for consumers Aadhar Payment App Download. The consumers who have their Aadhar number seeded with their bank accounts would not require even a phone to do the transaction. Their Aadhar number and a biometric scan would be enough to pay to the merchants.
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Customers would also need not to remember the confusing sets of passwords to make the transactions. Among a total of about 5 Crore merchants in the country Aadhar Payment App Download, the banks have distributed just about 15 Lakh PoS machines till now. Out of all, about 3 Lakh has been distributed by State Bank of India followed by HDFC and ICICI bank.
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Another major challenge that banks will have to contend with is the number of Aadhaar linked accounts. Despite a push by the government, there are still a large number of accounts which are not linked to the holder’s Aadhaar number. For State Bank of India Aadhar Payment App Download, the country’s largest bank, around 52 percent of the savings bank accounts are linked to Aadhaar numbers.
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A senior SBI official told on the condition of anonymity. For one, since the transaction fee charged by the bank is quite low, banks may not find it viable to push such payment applications aggressively. According to Belgavi Aadhar Payment App Download, there needs to be a review of the incentive policy on these transactions, or it may get off to a slow start like the Unified Payment Interface (UPI).
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This is because the network is developed by the National Payments Corporation of India (NPCI) on the existing Aadhaar Enabled Payments Systems (AEPS) railroad used to authenticate customers at public distribution centres. In merchant transactions Aadhar Payment App Download, the same infrastructure is being utilised to authenticate customers as well as their bank accounts.
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The Aadhar Pay smartphone app is expected to contribute to the use of digital payments in a larger way. The Aadhar Pay android app has been designed to tap a wider set of people and merchants across the country. Aadhar App will work on Android smartphones initially Aadhar Payment App Download, later it might also be launched for other smartphone operating systems.
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Aadhar Pay, the Aadhar Payment app for merchants is all set to be launched by the central government. Aadhar Payment app is an Android smartphone app using which merchants can receive payments from customers against any bill Aadhar Payment App Download. The Aadhar Pay application would be launched today, i.e. 25th December 2016. List if followed by other big names like HDFC and ICICI Banks.
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As per the reports, around 15 lakh terminals are currently setup across nation for use of new UIDAI based payment solution. State Bank of India (SBI) has alone installed over 3 lakh terminals at various identified locations Aadhar Payment App Download. If Government wants to promote the use of digital cash then it is the right time and correct platform where they need to put in all their efforts.
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We are expecting to see huge increase in number of payment terminals set across country. Increase in point of sale terminals will surely help the Government to realize their dreams of making country a better place in terms of digital cash/transactions Aadhar Payment App Download. This application is developed by IDFC bank in corporation with UIDAI and National Payments Corporation of India.