What is Aadhaar Pay? & How Aadhaar Pay Works?

What is Aadhaar Pay? & How Aadhaar Pay Works?

We give below a detailed overview on what is Aadhaar Pay and How it works. The ground breaking idea of using Aadhaar as a payment mode seems to be there from 2012, however it has started materializing only now. We have listed out on How Aadhaar Pay can be used by Users and also Merchant using Aadhaar Pay.

What Aadhaar capture? and How it Captures?

What you need To make Aadhaar Pay work?

*Mobile number should be mapped to your bank account number

How Aadhaar Pay Works?

What happens in the background of Aadhaar Pay?

Aadhaar Payment App for Users

  • Enter your Aadhaar Card Number (For Users).
  • Select your bank with which transactions should be authorized.
  • Now scan your finger on biometric.
  • Fingerprint will work as your password.

Download the Aadhaar Payment App
(for Value Added Services)

  • Balance Enquiry
  • Cash Withdrawal
  • Cash Deposit
  • Aadhaar to Aadhaar Fund Transfer
  • Best Finger Detection(BFD)
  • Mini Statement (Proposed)

Aadhaar Payment App for Merchants

Download the Aadhaar Payment App.
Log in with Merchant Aadhaar Card Number
Validate the Aadhaar Number using your fingerprint.
For accepting payment, click on Aadhaar Pay.
Enter customers Aadhaar Card Number, Bank Name and Amount to be paid.
Select Yes to proceed.
Validate the transaction using customer’s fingerprint.
After successful authorization, the amount will be transferred from customers bank account to merchant bank account.

Watch a video on How Aadhaar Pay works?

Source – http://www.youthapps.in/2016/12/aadhaar-pay-what-how.html

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