Source: News Bharati English23 Dec 2016 11:30:06
Amravati, December 23: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday claimed that Krishna District Collector Babu Ahamed has come up with a solution to ease the currency crunch being faced by people following demonetization. People from rural areas are facing problems due to less availability of cash and they are yet to get their hands on digital modes of transactions.
AP's District Collector Babu Ahamed has come up with AadharPay, a cashless payment system which needs only a smartphone and a biometric reader.
AadharPay, a cashless payment system which needs only a smartphone and a biometric reader, can be used for transferring money with a thumb impression. The trader or recipient of money needs a smartphone fitted with biometric reader as an accessory.
"I struggled for 40 days. I had sleepless nights. We searched the world and broke our heads to find a solution. But now, Babu has come up with a simple solution that will transform the nation," the Chief Minister said at the conference of District Collectors.
He felicitated the Collector at the conference. "Aadhar-enabled payments are the best way to overcome the currency crisis. We will discuss this in our committee meeting," Naidu said.
"One can transfer money using AadharPay from any bank under one platform. It's a simple solution but will transform the nation," he added.