PM Modi to launch BHIM-Aadhaar app today

TIL Desk/Business/New Delhi/ Marking the 126th birth anniversary of Dr B R Ambedkar as a day to introduce several initiatives to further the digital payments revolution, Prime Minister Narendra Modi will launch BHIM-Aadhaar App today in Nagpur. Other schemes include BHIM Aadhaar platform for merchants, cash back and referral bonus schemes for BHIM and declaring about 75 townships going less-cash.

BHIM Aadhaar, the merchant interface of the BHIM App will pave the way for making digital payments by using Aadhaar. This will enable every Indian citizen to pay digitally using their biometric data like their thumb imprint on a merchants’ biometric enabled device. In this case, any citizen without access to smart phones, internet, debit or credit cards will be able to transact digitally through the BHIM Aadhaar platform.

Further, the prime minister will launch two new incentive schemes for the BHIM — Cashback and Referral bonus. Under the Referral bonus scheme the existing user of BHIM and the new user of BHIM, both will get a cash bonus credited directly to their accounts whereas under the cashback scheme, the merchants will get cash back on every transaction made by BHIM.