Government is all set to roll out Aadhaar Pay service that will enable people to make and receive payments using their Aadhaar number and biometrics. Hence, people will no longer need to carry their phone for payments. They can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money, pointed out Electronics and IT Minister Ravi Shankar Prasad.
According to the reports, as of now, 14 banks have come on board for Aadhaar Pay and the service will be launched soon. He added that they are in talks with other banks too.
That is not all! The Minister said that Bharat Interface for Money (BHIM), the common platform for making quick payments using the Unified Payments Interface (UPI), has also been integrated with Aadhaar Enabled Payment System on Thursday.