One of the much waited cashless payment app has been launched by PM Modi himself. PM Modi launched BHIM Aadhaar pay app on the eve of Ambedkar Jayanti i.e, on 14 April 2017. BHIM Aadhaar app is the merchant interface for the BHIM app.
BHIM Aadhaar Pay App Introduction
BHIM Aadhaar Pay App will enable merchants accept cashless payments from customers without need of cards or e-wallets. The payments will be authorised by customer’s biometrics like fingerprint. The transactions shall be cashless, cardless and pin-less!
How To Download BHIM Aadhaar Pay App
As BHIM Aadhaar Pay app is for merchants to accept digital payments using bio metric details. For merchants who need to accept payments need to contact their respective banks. If they support BHIM Aadhaar Pay app, Banks will help you with the setup. It includes a mobile app and a fingerprint scanner.
Currently there are 30 banks that support BHIM Aadhaar Pay app. In case BHIM Aadhaar Pay app is published on google play, we will share the link to download the app here. So don’t forget to subscribe to our push notifications.
How to use BHIM Aadhaar Pay
If you regularly follow us, then you may be knowing how aadhaar enabled payment system works. To recall, Aadhaar enabled payment system is a system of cashless payment where a customer pays for goods and services by authorising the payment using biometrics usually the fingerprint.
Many of you might have gone through the process of e-KYC while buying a new Reliance Jio sim card. The salesman or any store staff asks you to put your finger on bio-metric device connected to their smartphone and they retrieve your personal information as registered with UIDAI when you applied for Aadhaar card.
This system is almost similar. The merchant will have a fingerprint scanner connected to smartphone installed with an app that supports powered by BHIM-Aadhaar Interface. Here’s how the system would work:
- The customer purchases any goods/services.
- The merchants calculates the amount to be accepted and inputs the amount in the app.
- The bank name and the aadhaar number of the customer are entered into the app.
- Merchant asks the customer to authorise the payment by placing his/her finger on the bio-metric scanner connected to merchant’s smartphone.
- The amount is transferred from customers’ aadhaar-linked bank account to merchants’ aadhaar-linked bank account.
Ease In Making Digital Payments
BHIM Aadhaar Pay App can be seen as another big push towards cashless society. BHIM Aadhaar Pay app is going to make digital payments less complicated and simple. Even for people who can’t use cards or digital wallets due to lower education or illiteracy can be a part of this aadhaar payment sysytem.
The most important aspect of making payments using BHIM Aadhaar pay is that you don’t need any card or smartphone. All you need is your thumb impression. Your thumb is your digital payment system if your bank is linked to your aadhaar.