Important Details you should know about Aadhaar Pay App

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The government has launched the Aadhar Pay App, which allows people to do away with debit and credit cards and make payments throught their fingerprints. The Aadhaar Pay app will let merchants accept payments from customers using biometric data or data registered under Aadhaar. Merchants must download the app on smartphones connected to a biometric scanner and their bank accounts. To use the service, customers will need Aadhaar numbers linked to their bank accounts, and can use a fingerprint or biometric data to complete transactions. The app is now available for download from the Google Play store. Right now, the app is available only to merchants, who are on-boarded via e-KYC. The app was being tried by over 1,500 merchants across 16 states before the launch.

Here are some important points you should know about Aadhar Pay App

• The app has been designed by IDFC Bank in association with the Unique Identification Authority of India (UIDAI) and National Payments Corporation of India (NPCI). 
• Aadhaar Pay service will enable people to make and receive payments using their Aadhaar number and biometrics. 
• Aadhaar Pay smartphone payment app eliminates the charges currently charged by card companies such as MasterCard and Visa.
• The app makes cashless transactions possible even for those who do not have mobile phones. However, the merchant accepting the payment has to have a mobile phone.
• The app uses biometric scans as passwords. This means that users can use their fingerprint or biometric data to validate a transaction.
• Though users don't need any password or app, it is mandatory for them to have their Aadhaar number linked to their bank account/accounts to make the payment.
• Merchants need to download the Aadhaar Pay app from Google Play store (the app is so far available only on Android phones). 
• He also needs to install a biometric scanner and link it to the app.
• When a customer wants to make the payment he/she just need to enter his/her Aadhaar number in the app and select the bank from which the payment is to be made. 
• The biometric scanner does the verification.
• Currently, users can make transactions up to Rs 10,000 on Aadhaar-enabled payments systems.
•  However, the app cannot be used to transfer funds.

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