New Delhi, December 2: Tackling with the challenges post demonetization, government now is heading with a plan to replace all card transactions with the 12-digit Aadhaar number. Prime Minister Narendra Modi’s move to curb black money came with several hardships aims for digital revolution. After announcing the note ban, small scale markets switched to PayTm, Freecharge – online tools for transactions. Hence government is helping people to ease out their modes of transactions by coming up with new sources.
The Director General Unique Identification Authority of India, Ajay Bhushan Pandey, on Thursday said that Aadhaar cardholders will soon be given the option of debiting or crediting money to their Aadhaar-linked bank accounts. The person will have to key in their Aadhaar number and undergo a fingerprint or iris scanner verification for each transaction.
NITI Aayog Chief Executive Officer Amitabh Kant said there will soon be an app available on Android phones that will enable Aadhaar-linked banking services. “In another 15 days there will be an Android app to allow mobile phones with external or in-built retina and fingerprint scanners to allow these services,” he added.
Apart from Android phones, the government is also looking at offering similar services on GSM phones, e-wallets, unified payments interfaces and card swipe machines. The government wants the Aadhaar card number to replace the password and PIN number used in online and card transactions. This follows in the wake of demonetization and the government's push to make India a cashless economy.