The Centre has asked all banks to launch Aadhaar Pay,
which will facilitate financial transactions by using fingerprints, by the end
of the month.
All banks will also have to enable `Pay to Aadhaar'
facility on the BHIM app by March 31 with SBI and Punjab National Bank asked to
provide the facility by the end of the week. This feature on BHIM will help in
making payments by simply entering the 12-digit Aadhaar number.
The twin moves, which will make digital transactions
easier, will encourage the use of online payments among the poor and illiterate
in rural areas.
The government has nudged banks to expedite seeding of
Aadhaar numbers and also mobile numbers which are key to accelerate the big
initiative.
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