Aadhaar payment app “Aadhar Pay” | How to Download. Use, Install, Cost for Merchants (SBI)
The Aadhaar Payment App is designed to make it easier for people to take care of all kinds of payments. It is a cheaper option for use and can be utilized by anyone. It can work for anyone with or without a phone. If anything, it is a solution that is especially important to a vast variety of people. Around 40 crore people around India can use the Aadhaar payment app.
Some facts About this Payment app
|Name||Aadhar payment App|
|Launched By||Government of India (NPCI)|
|Launch date||March 2017|
|Maximum Transaction Limit||Rs 10000|
|Min Transaction Limit||NA|
|Charges||No Charges of using it|
|Transaction Charges||No Transaction Charges|
If anything, this app is easier to use than many other options. It is greater than UPI, SBI and Freecharge solutions among many others. The fact that you don’t even need a phone to use this app is especially beneficial as it gives you an extra bit of control over how you’re going to get a payment plan handled the right way.
But to fully appreciate how well the program works, you have to use a few different points for analyzing it. This is designed to help you with getting your payment app managed properly. It can make a world of difference when you are aiming to make the most out of the program.
Your Fingerprint Is the Key
The main point about the Aadhaar payment app is that it is fingerprint-based. This is used to ensure that your data is secured without anyone being at risk of stealing it. In particular, the money used in the app comes from a banking account that is linked to your Aadhaar account. This works with a few steps in mind:
- Start by getting an Aadhaar number. Link your number to your banking account. This should work on a majority of banking systems around the country. You can use multiple accounts if preferred.
- Check that your fingerprint is listed on the Aadhaar account. This is needed to ensure that the solution is set up properly and with enough care. More importantly, this helps make sure you get the right transaction ready as needed.
- As you get a payment ready, you will need your fingerprint. This is to help you take care of a charge based on the Aadhaar number that links up to your fingerprint as it is in use.
This is a simple process that isn’t too hard to use. When managed right, it will give you an added sense of support for getting your payments ready. Best of all, you don’t have to get a new account ready as it works with your own Aadhaar account as it is in use.
What Do You Require?
The requirements for using the Aadhaar payment app include the following. As you will see here, you don’t need a phone to make this work:
- An Aadhaar number is required to qualify for the process. You can contact your local Aadhaar enrollment branch to acquire your number if needed. There are branches all around the country.
- A bank account that is linked to your Aadhaar number should be included as well. This is accessible and easy to process through a vast variety of different banks all around.
- Your fingers must be properly clean to use this. The biometrics scanner must read your fingerprints carefully. Any cuts, stains or other issues on your fingerprints might make it impossible for a scanner to read them.
What If You Have Multiple Accounts?
You don’t have to worry about using the Aadhaar payment app if you have many accounts listed on your Aadhaar number. Your retailer will let you know about the individual bank accounts you have on your number based on their locations or names associated with them. The individual numbers will not be listed. You can let the retailer know which account you want to use at a given time.
What Does the Retailer Need?
Retailers can use the Aadhaar payment app with ease. They only require the following:
- A smartphone is needed to create a link to an online system. A reliable online connection is also needed to help link transactions to a proper network without any problems.
- The Aadhaar payment app is needed on the smartphone. This is the software needed to make the payment system running. It is free to download and easy to install anywhere.
- A fingerprint scanner is also required. This should link to a phone or other mobile device with ease through a micro-USB port in many cases. The scanner is also affordable through most providers.
- Everything must be connected to a bank account. This is where the retailer will take in money from the Aadhaar-linked accounts that customers use. This helps to make payments easier to follow.
Keys For Making It Work
There are a few steps needed for a merchant to make this work:
- To start, a merchant app must be installed on someone’s smartphone. This is needed to allow the retailer to take in account numbers and make it easier for payments to be handled the right way.
- A fingerprint scanner should be linked to the mobile phone. This can work with a USB or micro-USB cable. Typical scanners can be found for Rs. 2,000 in most cases.
- The Aadhaar number should then be read based on the particular account one has. The number must be read on the app through the fingerprint that has been scanned. It will also show information on all the accounts linked to one’s number. The user will have to choose the particular bank account that one has in order to get a payment handled right.
- The fingerprint can then be used. This will work after the Aadhaar number is entered into the program. This works like a typical password. However, the fingerprint may also be read even if a person doesn’t know what the Aadhaar number is.
- The NPCI will review the fingerprint and compare it to an Aadhaar number. This should confirm the data and therefore allow the payment to be handled right. This comes as a bridge system works to move money from one account to the next.
This process is easy to handle without being too complicated. It offers a smart solution that is sensible and quick. It helps to see how well this may work when you’re aiming to get a smart payment setup ready. It is very quick without being too tough to use from any setup.
Installing a Biometric Reader
A retailer will have to use a biometric reader to make this work. Fortunately, the process of getting it all ready is not too hard to follow:
- First, the Aadhaar payment app must be downloaded. This is free to use and should work on a majority of mobile devices around India. It is also regularly updated with safety and stability in mind.
- Details of the machine being used should be entered into the app. This is to help with getting the biometric reader integrated into the system. By using this, it should be easier for payments to be read as quickly as possible. This can work quickly in any situation for managing a variety of payments without any problems.
- A bank account should be entered into the app. This is where the money being handled in transactions will be sent out to. This allows for people to take care of their payments as quickly as needed.
What Makes the App Useful?
There are many positives about the app that you should check out:
- This offers a simple payment option that doesn’t entail any fees. There are no service taxes or other charges added onto the app, thus making it easier for you to utilize as demanded.
- You don’t need to carry any cards with you. This allows you to get payments handled without using any potentially sensitive numbers or other bits of data that could be easily stolen.
- You don’t have to remember any passwords, codes or other numbers to get a payment taken care of. You just need your clean fingerprint listed to your Aadhaar account to make this work right.
- The app and other features for this are free to use. This is ideal for both customers and retailers alike without being too hard to use in general and shouldn’t be hard to handle.
What Limits Are There?
While this is a beneficial solution, this is also something that costs extra to set up. A retailer will have to pay a few thousand rupees to get the proper fingerprint scanner ready. Also, it can work in lieu of a traditional POS device although it might not be the only thing that can be used in a place to make it work.
This is not available for transactions between individual people. It works only for transactions from the customer to the retailer. The fingerprint is needed for making this work so it is important to watch for how well this may be used. It is not designed for moving money to people between each other.
This also works only with online connections. This may be difficult to use in the event that there are problems with the online coverage signals in an area. Weak coverage can especially be a threat due in the event that there are problems working within this.
Better Than UPI Apps
The Aadhaar payment app is better to use than a UPI app. It is true that they work in similar ways and can get money transferred quickly. They are also safe to use and keep personal information under control. But still, the Aadhaar payment app works better when it comes to getting different transactions handled.
The app works well without a smartphone to make it run. This is especially useful for rural areas where it is hard for people to get online. Also, the Aadhaar app offers more support for a variety of banks. This in turn makes it easier for the app to run without being complicated or tough to use in any manner. This is a smart option for those aiming to get transactions handled right and without hassles.
What About Issues Versus UPI Apps?
The UPI app is capable of transferring money from one person to another. It is not like the Aadhaar app in that while the Aadhaar option is easier to handle, the UPI app does better. This can be useful for making it easier to handle without being too complicated or otherwise hard to work with.
What Will Happen Later?
The Aadhaar payment app is a useful tool but it is expected to be expanded upon in the future. In particular, the app will use an added setup with the intention of replacing debit and credit cards. This is useful in that there will be no need to lug cards around when they can just be attached to an Aadhaar account. Also, this is to make it easier for retailers to handle transactions without worrying about any annoying charges of 2 to 3 percent on a credit or debit card linked to some company.
Reaching More People
This solution is especially needed with regards to reaching a larger number of people in India. About 109 crore out of 120 crore residents in India are registered with the Aadhaar system. Meanwhile, there are only around 15 lakh POS terminals around the country. By using the Aadhaar payment app, it should be easier for people to get more payments collected. This especially helps to increase the number of spots where simple bank transactions might be completed at.
At this moment, more banks are expected to sign on with the app and make their payments easier to follow. The goal will be to reach at least 1,00,000 merchants in the coming year. Considering the benefits of the system and how easy it is to use for a variety of needs, it should not be all that hard to get this to work in any manner one might see fit.
Also, some banks are aiming to use pilot stages where the system will be used in a few states. This should expand in its coverage over time to be a little easier to use although the terms for making it work should be checked carefully to ensure that there are no issues with getting the system underway or ready to work in some manner.
The efforts to get the Aadhaar payment app out are underway right now. There is a great chance for people to get quite a good deal of work through the app. This is thanks to how it works with ease to handle different kinds of payments it works quickly and without too much effort, thus making it an ideal choice that is not too hard or complicated to use. Be sure to see how this can work when looking at ways to take care of payments in many ways.
Banks affiliated with Aadhaar Pay App
|8||Bank of Baroda|
|9||State bank of Bikaner|
|10||State Bank of Mysore|
|11||State Bank of Patiala|
|12||State Bank of Travancore|
|13||Tripura Grameen Bank|
|14||Punjab National bank|
|16||State Bank of India SBI|
- Narendra Modi will Launch Aadhar Pay app on 14th April (ie on Dr Bhim Rao Ambedkar’s Birthday)