Aadhaar Pay launch

The Centre has asked all banks to launch Aadhaar Pay, which will facilitate financial transactions by using fingerprints, by the end of the month.

All banks will also have to enable `Pay to Aadhaar' facility on the BHIM app by March 31 with SBI and Punjab National Bank asked to provide the facility by the end of the week. This feature on BHIM will help in making payments by simply entering the 12-digit Aadhaar number.

The twin moves, which will make digital transactions easier, will encourage the use of online payments among the poor and illiterate in rural areas.

The government has nudged banks to expedite seeding of Aadhaar numbers and also mobile numbers which are key to accelerate the big initiative.

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