Meaning
Aadhaar Pay is a digital payment solution that allows users to make payments using their Aadhaar number and biometric authentication. It is primarily used for transactions where the customer does not have a smartphone, card, or internet access.
How It Works
Merchants use a UPI-enabled Aadhaar Pay app connected to a biometric device. The customer enters their Aadhaar number, selects their bank, and verifies the transaction using their fingerprint. The money is directly debited from the linked bank account.
Benefits
Aadhaar Pay promotes financial inclusion by enabling secure, cashless payments, especially in rural or remote areas. It eliminates the need for PINs or passwords and simplifies transactions for people without digital access.
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