Center government is focused to covert the country into a cashless economy as a part of Digital India, for which, it has prepared to facilitate Aadhaar number-enabled financial transaction through mobile phones. According to sources, Aadhar-enabled transactions are going to be card-less and pin-less.
The government is expected to make exercise on this aspect. It is learnt that folks who use smartphones will be able to transact financial matter digitally by using their Aadhaar number and finger print authentication. The move is being driven by NITI Aayog for all round approach towards enabling digital payments.
“Aadhaar-enabled transactions are card-less and pin-less. This would enable Android phones users to digitally transact using their Aadhaar number and fingerprint/iris authentication,” said Ajay Pandey, director general of Unique Identification Authority of India (UIDAI).
Pandey told the government has already decided to implement an Aadhaar-enabled transaction that required multi- branched strategy, including mobile manufacturers, merchants, and banks. The motive of government to implement this move is to make India completely digital for making this project successful and the NITI Aayog is monitoring meticulously.
NITI Aayog is consulting with Indian mobile makers to build thumb identification system in phones
NITI Aayog CEO Amitabh Kant said “we are asking mobile manufacturers to see if all mobiles made in India should be inbuilt with iris or thumb identification system to help Aadhaar-enabled transactions.
He said the government all together working on a policy to deterrent cash transaction and to encourage digital transaction across the country. He also refused to disclose anything about the plan. Kant is in Chief Ministers’ committee which will draw a roadmap for implementation of digital payments till the next one year.
The first meeting of the committee was held on Thursday. After PM Modi announced demonetisation move on November, the government had said that no additional charges will be imposed on the digital transaction until December 30. But, almost every merchant is charging 2 percent extra on card transaction by showing thumb to the government.
Government plans to build a proper system to boost online transactions in masses
The government is planning to build a mechanism to discontinue additional charges on a sustainable basis. UIDAI has planned to improve and enhance the biometric authentication capacity through to 40crore a day from 10 crores to encourage more masses to use this platform for a cashless transaction.
At the same time, information technology secretary Aruna Sundarajan said the ministry has kept out-of-the-way Rs 100 crore to encourage enrolment of merchants on the digital platform to boost the drive. “IT department is providing an incentive of Rs 100 for every merchant enrolled through over two lakh common service centers across India,” said Sundaranjan.
The government has been already issue 12-digit Aadhaar number to 1.08 crore masses throughout the country which has covered 99 percent of adults. The Aadhaar card can be linked to the bank accounts to use Aadhar-enabled payment system (AEPS) for an online transaction, Balance inquiry, cash deposit, internet banking and withdrawals.