‘An­gootha Chaap’

Southasia - - BRIEFS -

The In­dian gov­ern­ment has in­tro­duced ‘Aad­haar Pay.’ This is the mer­chant ver­sion of the Aad­haar-en­abled pay­ment sys­tem (AEPS), which was in­tro­duced last year to pro­vide sub­sidised food and ser­vices to poor fam­i­lies by as­sign­ing them a unique iden­tity num­bers, called Aad­haar num­bers. En­sur­ing fi­nan­cial in­clu­sion of all seg­ments of the pop­u­la­tion, the newly-launched Aad­haar Pay is an al­ter­na­tive for a pass­word for PIN-based trans­ac­tions and works on any An­droid­based phone with an at­tached bio­met­ric de­vice. Through the app-based fa­cil­ity, mer­chants re­ceive cash­less pay­ments from cus­tomers who are only re­quired to give their fin­ger­prints to au­then­ti­cate their iden­tity.

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