Friday 27 January 2017

Aadhaar payments system linked to 119 banks

Aadhaar payments system linked to 119 banks The ministry of electronics and information technology said 119 banks had been connected with the Aadhaar-enabled payments system and 338.7 million transactions had taken place. “Aadhaar is becoming a powerful instrument to bridge the digital divide,” said Ravi Shankar Prasad, minister for law and information technology. The government will
soon roll out the Aadhaar Pay service. “With this, people can visit any merchant, share their Aadhaar numbers and verify themselves using biometrics to pay and receive money,” Prasad said.

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