BHIM-Aadhaar Platform:
- BHIM-Aadhaar platform is the merchant interface of the BHIM App
- BHIM-Aadhaar platform will help people to pay digitally using their biometric data like thumb imprint on a merchant’s biometric enabled device like a smart phone or a biometric reader.
- The App needs to be installed only by merchants and they need to connect their smartphones to the biometric scan machine to accept the payments from customers.
- The customers who want to pay using this app needs to link Aadhaar number and biometric fingerprint to complete a transaction.
Significance:
- It enables all those citizens without access to smart phones, internet, debit/credit cards to make digital transactions.
- It eliminates the need to pay the fee currently being charged by the private card companies such as ‘MasterCard’ and ‘Visa’.
- For merchants, it would eliminate the need for long waiting period and hassle of procuring a new POS (Point of Sale) machine.
- For customers, it eliminates the hassle of remembering passwords, account numbers, or setting up of virtual payment addresses and using USSD codes to transfer money.