As per the source, merchants would need to download the Aadhaar Cashless merchant app and connect to a biometric reader, one that is currently on sale for Rs 2,000.
All the customer needs to do is feed in his or her Aadhaar number into the app and select the bank for the transaction. The customer can then use the scanner to identify the customer and authenticate the transaction. Indeed this eliminates the need for One Time Passwords (OTPs), PINs and much more that are a common requirement for plastic or digital transaction these days.
The app has been developed by IDFC Bank along with UIDAI and National Payments Corporation of India and will be available for download nationwide on Sunday.
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(Sourced from agencies, feature image courtesy:readepaper.in)
