South Indian Bank introduces Aadhar­based payment app

Posted on:24 Mar 2017 09:29:25
South Indian Bank introduces Aadhar­based payment app
24 March 2017 Current Affairs: Kerala based South Indian Bank has introduced Aadhar­based UPI mobile application SIB M­Pay on March 23, 2017. 

Features : SIB M­Pay will enables all bank account holders to send and receive money from their Smartphone without bank account information.

It required only Aadhar number of the beneficiary 

This feature will be a major step s towards a ‘Cashless Society’ and Aadhar ID plays a key role in Digital India initiatives 

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