Aadhar Pay: Aadhar Payment System

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As per Finance Minister Arun Jaitley annoncement of India Budget speech, An Aadhaar based payment system will be launched soon in the year 2017-18. Aadhar Pay is a merchant version of Aadhaar enabled payment system. Aadhaar Paymenet app enables users to pay without any physical transactions. The Aadhar app is designed to runon the Android platform and has to be installed in their mobile phones by merchants. After registration in the Aadhar app, the merchants mobile phone needs to be linked to a Aadhaar biometric reader. Once the merchant has been registered, the consumers can start money transactions. To use this service, the customer and merchants has to first link her bank account to her Aadhaar.