UIDAI to rollout Aadhaar enabled payment system on 25 December

The government has been working on an ‘Aadhaar Payment App‘ to do away with plastic card and point of sales machines (POS) that seem to have done little in times of demonetisation. According to a report from the Economic Times, the new app will be launched on 25 December keeping in mind a faster adoption of a cashless society and to eradicate fee payments charged by card companies, making it an affordable digital payment solution for merchants in rural areas.

The new app will eradicate the need for payment machines for cashless transactions where all a merchant would need is an Android smartphone to run a cashless business.