Aadhaar Payment app For Digital Transactions to be launched on December 25, 2016 :- The central government has taken an another step to came close to the Digital India project. The agency of the central government has announced that they will launch the Aadhaar Payment app on Christmas Day on December 25th, 2016. It is considered to be the ideal solution to the current cash crisis in India.Well, we all knew that the Indian government had provided the 12-digit unique identity number called Aadhaar to each resident of India and now, they are looking to launch an official app of Adhar, which does away with plastic cards and the point of sale machines.
The significance of this Adhar application has now increased especially after the demonetization as the whole country are now looking to made the e-payment with the help of numbers of the e-wallets.The Adhar application basically helps to eradicate fee payments charged by card companies, making it an affordable digital payment solution for merchants in rural areas and will also eliminate the need for payment machines for cashless transactions. However, Aadhaar project has been linked to unemployment benefit schemes and public subsidy.
Apart from this Adhar app, the government is doing every bit of them to make the Indian a digital country. They have enabled biometric attendance system for employees attendance.
Meanwhile, the merchants need to download the Aadhaar Cashless merchant app on their respective smartphone and then, needs to connect to a biometric reader, one that is currently on sale for Rs 2,000.
After installing the application, the customer needs to enter their Adhar numbers in the application and then have to select the bank through which they want to make a transaction. Finally, the biometric scan will work as a password for the transaction to be authenticated.
However, only time will reveal whether this will be a successful venture or not as only time will tell whether people will still opt for the cashless transaction once the last cash returns to the country.