New Delhi: Prime Minister Narendra Modi<\/a> will next week launch the government's new digital payments initiative that aims to make banking accessible to people who could not read or write.<\/p>\n The initiative, christened Aadhaar Pay<\/a>, is a biometric-based payment system that will allow an Aadhaar-linked account holder carry out all his banking transactions just by the use of his thumb impression.<\/p>\n Modi will launch the scheme on April 14 to mark the birth anniversary of Dalit icon Bhim Rao Ambedkar<\/a>.<\/p>\n \n\t\"This is in line with the government's initiative to popularise digital payments,\" a senior government official said.<\/p>\n The official said the finance<\/a> ministry has already asked all public sector banks to board the Aadhaar Pay<\/a> platform by April 14. Earlier this month, private sector IDFC Bank<\/a> became the first lender to launch Aadhaar Pay through its network.<\/p>\n \n\tThe ministry has also asked state-run banks to encourage merchants to board the Aadhaar Pay platform. \"In the next two weeks, we expect 5 lakh merchants on board,\" said the official quoted above.<\/p>\n \n\tLast year, while launching the Bharat Interface for Money (BHIM) app, Modi had said that there was a time when unlettered people were lampooned and referred as 'angootha chaap'. \"But now, the thumb impression would make way for a person's bank, identity and even business,\" he had said.<\/p>\n \n\tThe government has advised state-run banks to ensure that rental payments are structured in such a manner that small merchants do not have to pay rental of more than 100 per month on installation of PoS terminals.<\/p>\n \n\tAs per the latest government data, 98% of adults or more than 108 crore people in India had been issued Aadhaar cards until February.<\/p>\n \n\tModi will also roll out two other schemes on April 14-National Common Mobility Card and Cash Back & Referral Bonus scheme-that aim towards financial inclusion and making India a less-cash economy.<\/p>\n\n<\/body>","next_sibling":[{"msid":57982663,"title":"Extension of Reliance Jio freebies may shave off Airtel, Vodafone & Idea earnings","entity_type":"ARTICLE","link":"\/news\/extension-of-reliance-jio-sops-may-shave-off-rivals-earnings\/57982663","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57982735,"entity_type":"ARTICLE","title":"PM to launch Aadhaar Pay platform on Ambedkar's birth anniversary","synopsis":"Finance ministry has asked all PSBs to board Aadhaar Pay by April 14","titleseo":"telecomnews\/pm-to-launch-aadhaar-pay-platform-on-ambedkars-birth-anniversary","status":"ACTIVE","authors":[{"author_name":"Dheeraj Tiwari","author_link":"\/author\/81092\/dheeraj-tiwari","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/81092.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":81092,"author_name":"Dheeraj Tiwari","author_seo_name":"dheeraj-tiwari","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-03 08:37:28","lastupd":"2017-04-03 08:42:52","breadcrumbTags":["Narendra Modi","finance","policy","IDFC Bank","Bhim Rao Ambedkar","Aadhaar Pay"],"secinfo":{"seolocation":"telecomnews\/pm-to-launch-aadhaar-pay-platform-on-ambedkars-birth-anniversary"}}" data-authors="[" dheeraj tiwari"]" data-category-name="" data-category_id="" data-date="2017-04-03" data-index="article_1">
新德里:总理莫迪将于下周推出数字支付政府的新计划,旨在使银行可访问的人不能读或写。 主动,命名为Aadhaar支付是biometric-based支付系统,将允许一个Aadhaar-linked帐户持有人进行所有的银行交易仅仅通过使用拇指的印象。 莫迪将推出该计划4月14出生周年达利特图标Bhim Rao安贝德卡。 “这是符合政府的政策推广数字支付,”一位高级政府官员说。 这位官员说,金融外交部已经要求所有公共部门银行董事会Aadhaar支付平台由4月14日。本月早些时候,私人部门IDFC银行成为第一个通过其网络银行推出Aadhaar支付。 卫生部还要求国有银行鼓励商人董事会Aadhaar支付平台。“在接下来的两周,我们预计5十万的商人,“说上面的官方报价。 去年,为钱而启动巴拉特接口(BHIM)应用,莫迪曾经说过,有一段时间未受教育的人讽刺,称为“angootha chaap”。“但是现在,拇指的印象将使一个人的方式银行身份,甚至业务,”他说。 政府已经建议国有银行确保结构化租金以这样一种方式,小商人不需要支付租金每月超过100安装PoS终端。 根据最新的政府数据,98%的成年人或超过108卢比的印度人已经发布Aadhaar卡片直到2月。 莫迪还将推出两个计划4月14个国家共同移动卡和现金返还&推荐奖金计划,目标转向金融包容性,使印度经济缺乏现金。
New Delhi: Prime Minister Narendra Modi<\/a> will next week launch the government's new digital payments initiative that aims to make banking accessible to people who could not read or write.<\/p>\n The initiative, christened Aadhaar Pay<\/a>, is a biometric-based payment system that will allow an Aadhaar-linked account holder carry out all his banking transactions just by the use of his thumb impression.<\/p>\n Modi will launch the scheme on April 14 to mark the birth anniversary of Dalit icon Bhim Rao Ambedkar<\/a>.<\/p>\n \n\t\"This is in line with the government's initiative to popularise digital payments,\" a senior government official said.<\/p>\n The official said the finance<\/a> ministry has already asked all public sector banks to board the Aadhaar Pay<\/a> platform by April 14. Earlier this month, private sector IDFC Bank<\/a> became the first lender to launch Aadhaar Pay through its network.<\/p>\n \n\tThe ministry has also asked state-run banks to encourage merchants to board the Aadhaar Pay platform. \"In the next two weeks, we expect 5 lakh merchants on board,\" said the official quoted above.<\/p>\n \n\tLast year, while launching the Bharat Interface for Money (BHIM) app, Modi had said that there was a time when unlettered people were lampooned and referred as 'angootha chaap'. \"But now, the thumb impression would make way for a person's bank, identity and even business,\" he had said.<\/p>\n \n\tThe government has advised state-run banks to ensure that rental payments are structured in such a manner that small merchants do not have to pay rental of more than 100 per month on installation of PoS terminals.<\/p>\n \n\tAs per the latest government data, 98% of adults or more than 108 crore people in India had been issued Aadhaar cards until February.<\/p>\n \n\tModi will also roll out two other schemes on April 14-National Common Mobility Card and Cash Back & Referral Bonus scheme-that aim towards financial inclusion and making India a less-cash economy.<\/p>\n\n<\/body>","next_sibling":[{"msid":57982663,"title":"Extension of Reliance Jio freebies may shave off Airtel, Vodafone & Idea earnings","entity_type":"ARTICLE","link":"\/news\/extension-of-reliance-jio-sops-may-shave-off-rivals-earnings\/57982663","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57982735,"entity_type":"ARTICLE","title":"PM to launch Aadhaar Pay platform on Ambedkar's birth anniversary","synopsis":"Finance ministry has asked all PSBs to board Aadhaar Pay by April 14","titleseo":"telecomnews\/pm-to-launch-aadhaar-pay-platform-on-ambedkars-birth-anniversary","status":"ACTIVE","authors":[{"author_name":"Dheeraj Tiwari","author_link":"\/author\/81092\/dheeraj-tiwari","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/81092.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":81092,"author_name":"Dheeraj Tiwari","author_seo_name":"dheeraj-tiwari","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-03 08:37:28","lastupd":"2017-04-03 08:42:52","breadcrumbTags":["Narendra Modi","finance","policy","IDFC Bank","Bhim Rao Ambedkar","Aadhaar Pay"],"secinfo":{"seolocation":"telecomnews\/pm-to-launch-aadhaar-pay-platform-on-ambedkars-birth-anniversary"}}" data-news_link="//www.iser-br.com/news/pm-to-launch-aadhaar-pay-platform-on-ambedkars-birth-anniversary/57982735">
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