BHIM Aadhaar Pay
Aadhaar payment is the easiest and cheapest method of payment. Citizen of India who carries Aadhaar number can use this payment method. Around 43 crore accounts of Indian people are linked with the Aadhaar; and they can use this Aadhaar enabled payment mode.
Benefits of Aadhaar payment App:
It is easy to customer to transact, as merchants need to arrange for the smartphone, App and fingerprint scanner.
Some benefits of the Aadhaar Payment app.
- Customers need not to have an android phone or any other technology to make payments.
- There is no need to carry debit card or credit card.
- No need to remember PINs, MPINs and passwords.
- Instant Payments through Aadhaar bridge system this is similar to Aadhaar Enabled Payment system (AEPS).
- Affordable payment solution for merchants as well as customers.
0.25% MDR on Transaction Amount of Rs.10 to Rs 10,000/-