Jadoo App! Pay online without mobile, know about Aadhaar Payment App

New Delhi: Now even if you don't have a mobile phone, you can make cashless transactions. What's more is the fact that you will be able to do these transactions without having to remember a password. That's not all, you will not be required to pay any charges for these payments ( in case of card payments you pay charges). 

HIGHLIGHTS

1. Aadhaar Pay' allows even those without mobile phones to do cashless transactions2.  Eliminates the charges currently charged by card companies such as MasterCard and Visa.3.  Merchant accepting the payment has to have a mobile phone

4. Merchant needs to have a biometric scanner

5.  No password required. The app uses biometric scans as passwords, so you can use your fingerprint as password6. Your Aadhaar number should be linked to your bank account/accounts to make the payment

HOW IT WORKS

A.If you want to pay

1. Select bank on the touchscreen2. Enter your Aadhaar number3. Scan fingerprints (password) to get confirmation

B. Merchant wants to receive payment1.Merchant needs to download Aadhaar Pay app on phone2. Link pp to Aadhaar biometric reader3. Once this app is linked, merchant can start transacting with customers.

  IDFC Bank has launched a digital payment platform `Aadhaar Pay' which  allows even those without mobile phones to do cashless transactions. The bank has formally launched the unique identification number-based Aadhaar Pay service, having done a pilot in 16 states three months before.

"It actually makes cashless transactions possible even for those who do not have mobile phones, but the merchant has to have a mobile phone. All one needs is to get the bank account number linked with Aadhaar. With this, basic banking will come to those not having even mobile phones," IDFC Bank Founder MD & CEO Rajiv Lall said at the launch here.

The bank will levy no MDR (merchant discount rate) fee on merchants who come on board the Aadhaar Pay application.

These merchants, mostly located in remote areas, will simply need a smartphone to download the app and an Aadhaar dongle to read biometrics of a customers for a transaction.

IDFC Bank said it will also bear the price of Aadhaar dongles, costing Rs 2,500 apiece for merchants, as recovery can happen by acquiring more savings account customers.

The bank has also started offering public distribution system (PDS) to beneficiaries through Aadhaar Pay.

NITI Aayog Chief Executive Amitabh Kant, who was also present at the launch, said India is at the cusp of a major digital revolution."This enables us to reach really at the very bottom of the pyramid where people do not have either GSM or basic phones, which is a significant percentage of our population," Kant said.

Talking about the security feature of the Aadhaar Pay platform, Unique Identification Authority of India (UIDAI) CEO Ajay Bhushan Pandey said the system by any means is no less secure than any other payment gateway in the country."The merchant-customer transaction is supposed to happen in a small areas/villages where most of the people are known to each other. So even if any fraud happens, a full digital trail will be available to track it down," Pandey added.

IDFC Banks Aadhaar Pay app is developed in association with the Ministry of Information Technology & Electronics, UIDAI and the National Payments Corporation of India. 

News24Bureau/Agencies