Aadhar card based transactions to be enabled by NITI Aayog, govt wants to make a shift from credit/debit cards to UPI

Posted on by Ankita Sharma

Modi government has taken up the task of enabling Aadhar card based transactions through the Unified Payments System in a bid to encourage a cashless society.

“Aadhar enabled transactions are card-less and pin-less. This would enable Android phone users to digitally transact using their Aadhar number and fingerprint/iris authentication”, said Ajay Pandey Director General UIDAI (Unique Identification Authority of India).

Aadhar card based transactions to scrap the use of credit/debit cards in the economy soon

Aadhar card based transactions to be enabled by the NITI Aayog, govt wants to make a shift from credit/debit cards to UPI

“We are asking mobile manufacturers to see if all mobiles made in India should be inbuilt with iris or thumb identification system to help Aadhar-enabled transaction.”

-Amitabh Kant, NITI Aayog CEO

A committee chaired by the Andhra Pradesh CM Chandrababu Naidu as appointed by the PM will look into the matters regarding the digital payments system that will further the cause of a cashless economy.

The process has been commenced by the NITI Aayog which involves taking required permits, synchronising the transactions of the banks and the mobile manufacturers. The biometric authentication capacity of the Aadhar-card has been increased by UIDAI from10 crore per day to 40 crores per day.

See Also: Committee on Digital Payments System to be chaired by Andhra Pradesh CM Chandrababu Naidu

The project intends to enable syncing of the Aadhar card number with the bank accounts of the individuals so that the transaction can be undertaken through the Unique number assigned to each person.

Information Technology Secretary Aruna Sundarajan said that Rs 100 crore have been allotted for the project. She further said – “The ministry will undertake a major outreach communication campaign starting from Monday to ensure that every segment of the population is enabled to use one of the other modes of digital payment.”

Over 1.08 crore people have been assigned the Aadhar cards in the country.

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