Aadhaar Payment App Launched by IDFC Bank (Download PDF)

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IDFC Bank launched biometric-based Aadhaar pay App on March 2017. IDFC Bank has become the first bank to launch the Aadhar Pay. The shopkeeper and the only Aadhaar number need to carry by the consumer to the bank.

Image of the Aadhaar Payment App

Image of the Aadhaar Payment App

Image of the Aadhaar Payment App

Highlights:

  • Interestingly the best part of this app is that the payers no need to carry

    • Debit cards
    • Credit cards
    • Cell phones.
  • It is targeting a reach of 50, 000 – 75, 000 merchants in the next two years.
  • A merchant is on-boarded with IDFC Bank using e-KYC, within an hour. An SMS link enables the merchant to download the IDFC Aadhaar Pay app on any basic smartphone.
  • The newest bank in the private sector formally launched the unique identification number-based Aadhaar Pay service, having done a pilot in 16 states.
  • The bank will charge no MDR (merchant discount rate) fee on merchants who come on board the Aadhaar Pay application.
  • IDFC Bank’s Aadhaar Pay app is developed in association with the Ministry of Information Technology & Electronics, UIDAI and the National Payments Corporation of India.

How to use Aadhaar Payment App

How to use Aadhaar Payment App

How to Use Aadhaar Payment App

How to use Aadhaar Payment App

Aadhaar Payment App Requirement

Aadhaar Payment App Requirement

Aadhaar Payment App Requirement

Aadhaar Payment App Requirement

Benefits of Aadhaar payment App

Benefits of Aadhaar payment App

Benefits of Aadhaar Payment App

Benefits of Aadhaar payment App

- Published/Last Modified on: March 20, 2017

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