How to make payments using Aadhaar Card


New Delhi: Now people will be able to make payments by simply using their Aadhaar cards. The Government is initiating Aadhaar number-enabled financial transactions through smart phones to move the country into a cashless economy.
People can link their Aadhar with their bank accounts and use Aadhaar Enabled Payment System (AEPS) for funds transfer, balance enquiry, cash deposits or withdrawals and inter-banking transactions.

And the biometric authentication capacity of AEPS is 10 crore, which will be eventually raised to 40 crore.

Here is how you can make payment using Aadhaar cards:

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First, cardholders will have to enter their Aadhaar ID number and go through a fingerprint or iris scanner verification for electronic transaction.
Merchant or shopkeeper will have a smartphone with a finger print scanner connected to it via an application.
Place the finger on that scanner to pay using Aadhaar.
The bank , which is already linked to the customer’s Aadhaar number will be debited with the amount to pay to the shopkeeper.
The money is directly transferred from the customer’s bank account to the merchant’s



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