时间:2026-08-21 12:02:00 来源:网络整理编辑:焦點
India just took its next major step in becoming a cashless society.SEE ALSO:Inside UPI: How India is
India just took its next major step in becoming a cashless society.
SEE ALSO:Inside UPI: How India is bringing mobile banking to 1.3 billion peopleIDFC Bank has launched an app called Aadhaar Pay that aims to help millions of its citizens without a smartphone to pay for their purchases digitally with just their fingerprint.
Merchants will be able to download the app on their Android smartphones and attach a fingerprint scanner device. To make payments, buyers will only have to choose their bank name, input their unique Aadhaar number and scan their fingerprint, which acts as a password to make the payment directly from their bank account linked to their Aadhaar card.
Over one billion people in India already have an Aadhaar card, making it the world's largest biometrics based identification system. The Indian government intends to link all savings bank accounts in the country with an Aadhaar card. Currently, about 400 million of the 1.12 billion bank accounts are linked to Aadhaar cards reports suggest.
This could be the solution India required to usher its vast majority of population -- which is still not connected to the internet, is illiterate and doesn't own smartphones -- to cashless digital payments.
Of the country's 1.3 billion population, only about 268 million people had a smartphone at the end of Q3 2016, according to marketing research firm Counterpoint. Of them, not every device is connected to the internet. In the wake of country's major move to invalidate cash last month, the vast majority of the consumers have been stranded with no option but to queue outside banks and ATMs.
Another advantage of Aadhaar Pay is neither the merchant, nor the customer, is charged any transaction fee, which makes it equivalent of paying by cash. The app is already available at over 100 merchant outlets in the states of Andhra Pradesh, Delhi and Bihar.
Credit: IDFC Bank"It is [sic] the simplest way to pay as it does not require a customer to swipe debit cards, remember passwords, or download apps. Importantly, there are no transaction fees for both merchants and customers. IDFC Aadhaar Pay will accelerate the pace of growth for cashless payments, giving wings to the government’s efforts towards digitization for inclusive growth,” Dr. Rajiv Lall, Founder MD & CEO, IDFC Bank said in a press statement.
Today's announcement mark a major expansion of Unified Payment Interface, which the government announced only earlier this year. UPI is government's audacious project to make person-to-person and e-commerce transactions swifter and easier.
Samsung Galaxy Note7 teardown reveals the magic behind the phone's iris scanner2026-08-21 11:57
'Vogue' stuck celebs in a tube of lights at the Met Gala, and it got weird2026-08-21 11:55
Get ready for a drone you can play games with2026-08-21 11:53
Twitter's jokes about Melisandre on 'Game of Thrones' will never get old2026-08-21 11:48
Teacher absolutely nails it with new homework policy2026-08-21 11:41
Mustachioed cop found the cutest little gumshoe to help him on the job2026-08-21 11:20
Viners Christian DelGrosso, Jake Paul to star in Fox Digital Studio's new comedy2026-08-21 10:41
Horses become hairy works of art thanks to one creative clipper2026-08-21 10:37
What brands need to know about virtual reality2026-08-21 10:00
Tinder Social: What the new group dating feature is really like2026-08-21 09:16
Watch MTV's Video Music Awards 2016 livestream2026-08-21 11:48
Twitter's jokes about Melisandre on 'Game of Thrones' will never get old2026-08-21 11:35
Tesla Model S is getting a 75 kWh battery option2026-08-21 11:25
YouTube redesigns app to show you more videos you actually want to watch2026-08-21 10:28
This weird squid looks like it has googly eyes, guys2026-08-21 10:24
Ouch: Some Slack developers have been exposing corporate data2026-08-21 10:16
Apple CEO to Wall Street: Rumors of our demise are greatly exaggerated2026-08-21 09:44
First cruise from a U.S. port to Cuba in decades leaves Miami2026-08-21 09:43
There's a big piece of fake chicken stuck to this phone case2026-08-21 09:42
Mass brawl erupts in Turkish parliament over constitutional amendment2026-08-21 09:29