March 2017 Current Affairs
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Union Government launches Aadhaar Payment App to simplify digital transactions

Union Government launches Aadhaar Payment App to simplify digital transactions
26 December 2016 Current Affairs: The Union Government has launched the Aadhaar Payment App with an aim to simplify the digital transactions. This app will do away with the need of carrying plastic cards and the point of sale machines.

It will also do away with the additional fee payments for service providing card companies such as Mastercard or Visa.

Highlights of the Aadhaar Payment App : There are two sides to this Aadhaar Payment app, one is the consumer app and the other is the merchant app.

On the consumer front, the app is just like any mobile wallet which will be used to transfer money.

The customer needs to enter his or her Aadhar number into the app, select the bank through which the transaction will take place and then the biometric scan will work as a password for the transaction to be authenticated. 

While, merchants will require two things to use this app, one is an Android smartphone and second is a fingerprint scanner.This app can also be used by a person to make payments without any phone.

The app was developed by IDFC Bank along with UIDAI and National Payments Corporation of India. 

In order to spread awareness about this app, the government will conduct workshops to train 14 lakh Village Level Entrepreneurs (VLE) across 500 districts and 6500 blocks and will explain the methodology to carry out digital transactions through this app.



March 2017 Current affairs
29 MAR
NEWS
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
NEWS
22 FEB
NEWS




January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS



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