Aadhar Enabled Payment System to Be Rolled Out Shortly
In an attempt to give a big push to cashless transactions, the Unique Identification Authority of India (UIDAI) will shortly roll out the Android-based Aadhaar enabled Payment System (AEPS) application, said officials.
Developed in collaboration with TCS, the application can be downloaded by the merchants, who will need a smartphone and a fingerprint scanner to use it. Transactions on this application can be done without any card or PIN.
The application would be made available to all banks, who would encourage merchants in their vicinity to adopt this application.