Govt. to release app for Aadhaar-linked e-payments soon

TIL Desk Business/New Delhi/ Government will soon launch a mobile application to facilitate Aadhaar-linked digital payments and roll out a nation-wide programme to train over 1 crore people on e-payments. “We are going to promote Aadhaar-enabled payment system (AEPS) in coordination with Finance Ministry. About 40 crore bank accounts have been linked to Aadhaar,” IT and Law Minister Ravi Shankar Prasad told.

He said that the government is working on a plan to connect rest of the accounts with Aadhaar numbers. He said that there are biometric devices which can be connected to smartphones and convert a smartphone into a Point of Sale (PoS) machine.

“We are developing a UPI enabled mobile application. It will be available in 2-4 days. Customer feed Aadhaar number, scan finger on the biometric, approve the amount to be paid on the application and the payment will be transferred from his account to merchant’s account,” CSC SPV CEO Dinesh Tyagi said.

The customer will not need to share bank account details as the application will detect the bank account linked to the Aadhaar number with help of Unified Payment Interface (UPI).