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Aadhaar Pay launched by Government

The Union Government on 25 December 2016 launched the Aadhaar Payment App with an aim to simplify the digital transactions. This app will do away with the need of carrying plastic cards and the point of sale machines.
●    It will also do away with the additional fee payments for service providing card companies such as Mastercard or Visa.
●    There are two sides to this Aadhaar Payment app, one is the consumer app and the other is the merchant app.
●    On the consumer front, the app is just like any mobile wallet which will be used to transfer money.
●    While, merchants will require two things to use this app, one is an Android smartphone and second is a fingerprint scanner.
●    This app can also be used by a person to make payments without any phone.
●    The app was developed by IDFC Bank along with UIDAI and National Payments Corporation of India. 

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