NEW DELHI: The Aadhaar number is scheduled to become an alternative for all online and card transactions which require password along with PIN number. Unique Identification Authority of India is developing a mobile app that can be availed by shopkeepers, merchants or individuals for receiving payments easily.
The move is part of the drive, anchored by Niti Aayog, to make India a cashless economy after the government scrapped high-value currency notes on November 8. Among other measures, the government is also working on a policy to disincentivise cash transactions and facilitate digital payments.
A B Pandey who is CEO of Unique Identification Authority of India, exposited that online transactions can be executed between two people having bank accounts linked with Aadhaar number by just feeding the 12-digit unique identification number in the mobile set equipped with the Aadhaar-enabled app which will be availed for authenticating biometrics — fingerprints of person make payment.
Pandey said the Andhra Pradesh government is availing the Aadhaar system in satisfaction price shops. “Aadhaar-enabled transactions are card-less and PINless,” Pandey said.
Pandey said the government is working with mobile manufacturers for producing mobile sets equipped with technology to authenticate biometrics