• Home
  • News
    • Regulators
      • RBI
      • SEBI
    • TechINFRA
      • Security
      • Surveillance
      • Networking
      • Data Centre
      • Cloud Services
    • Establishment
      • Banking ERP
      • Core Banking
      • Currency Conversion
      • m-Banking
    • Government Reforms
      • DBT
      • Aadhaar
      • GST
    • Payments
      • Payment Gateways
      • ATM
      • Point of Sale
      • Payment Wallets
      • Fintech Apps
    • Banks
      • Public Sector
      • Private Sector
      • Cooperative
    • Insurance
    • NBFCs
    • Startups
    • Year Ender
  • Magazine
    • Past Magazines
    • Magazine Subscription
    • Interviews
    • Articles
    • Editorial
    • Advertise with us
  • NBFCs
  • NBFCs’ Ranking
    • India’s Top 50 NBFCs’ Ranking 2018
    • India’s Top 50 NBFCs’ Ranking 2017
  • Library
    • Elets Tv
    • Slideshow
    • Conference Reports
    • Income Tax Calculator
  • Newsletter
    • Newsletters Archive
    • Subscribe
  • Conferences
  • Webinars
  • Careers
  • Blogs
    • Blog with us
  • Our Publications
    • eGovernance
    • Digitallearning
    • eHealth
    • SmartCity
    • CIO
  • Testimonials
  • Innovation Talk
Search
  • About Us
  • Advertise With Us
  • Write For Us
  • Magazine Subscription
  • Conference Reports
  • Income Tax Calculator
  • Privacy Policy
  • Contact Us
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Elets BFSI
  • Home
  • News
    • Regulators
      • RBI
      • SEBI
    • TechINFRA
      • Security
      • Surveillance
      • Networking
      • Data Centre
      • Cloud Services
    • Establishment
      • Banking ERP
      • Core Banking
      • Currency Conversion
      • m-Banking
    • Government Reforms
      • DBT
      • Aadhaar
      • GST
    • Payments
      • Payment Gateways
      • ATM
      • Point of Sale
      • Payment Wallets
      • Fintech Apps
    • Banks
      • Public Sector
      • Private Sector
      • Cooperative
    • Insurance
    • NBFCs
    • Startups
    • Year Ender
  • Magazine
    • Past Magazines
    • Magazine Subscription
    • Interviews
    • Articles
    • Editorial
    • Advertise with us
  • NBFCs
  • NBFCs’ Ranking
    • India’s Top 50 NBFCs’ Ranking 2018
    • India’s Top 50 NBFCs’ Ranking 2017
  • Library
    • Elets Tv
    • Slideshow
    • Conference Reports
    • Income Tax Calculator
  • Newsletter
    • Newsletters Archive
    • Subscribe
  • Conferences
  • Webinars
  • Careers
  • Blogs
    • Blog with us
  • Our Publications
    • eGovernance
    • Digitallearning
    • eHealth
    • SmartCity
    • CIO
  • Testimonials
  • Innovation Talk
Home Banks Govt. to launch UPI enabled Aadhaar-linked e-payments app soon
  • Banks
  • News

Govt. to launch UPI enabled Aadhaar-linked e-payments app soon

By
Rashi Aditi Ghosh
-
December 19, 2016
Facebook
Twitter
Pinterest
WhatsApp

    Making way for the digital India dream, the central government will soon launch a mobile application to facilitate Aadhaar-linked digital payments.

    The Government will reportedly roll out a nation-wide programme to train over 1 crore people on e-payments.

    Talking about the initiative, Union IT and Law Minister Ravi Shankar Prasad said: “We are going to promote Aadhaar-enabled payment system (AEPS) in coordination with Finance Ministry. About 40 crore bank accounts have been linked to Aadhaar.”

    The Government, the minister said, is working on a plan to connect rest of the accounts with Aadhaar numbers.

    He said that there are biometric devices which can be connected to smartphones and convert a smartphone into a Point of Sale (PoS) machine.

    Speaking on the technical aspects, Common Service Centre (CSC)-SPV CEO Dinesh Tyagi said: “We are developing a UPI-enabled mobile application. It will be available in two to four days.”

    “Customer feed Aadhaar number, scan finger on the biometric, approve the amount to be paid on the application and the payment will be transferred from his account to merchant’s account.”

    For using the service, the customer will not need to share bank account details as the application will detect the bank account linked to the Aadhaar number with help of Unified Payment Interface (UPI).

    He said that Common Service Centers across country are already carrying out AEPS transactions and the Government is converting same process in to a mobile app.

    As per the official announcement, that government will conduct workshops to train 14 lakh Village Level Entrepreneurs (VLE) across 500 districts and 6,500 blocks about carrying out digital transactions which will be attended by parliamentarians as well.

    Each VLE will train 40 individuals covering 80 lakh individuals and at least 10 shopkeepers with a target to cover 25 merchants across the country.

    The Ministry of Electronics and Information Technology, he said, will organise a two-day event at Major Dhyanchand National Stadium in Delhi to create awareness about digital payments and also help people open bank accounts and enroll for Aadhaar.

    The minister said even migrant labourers having Aadhaar will be provided help to open their bank accounts.

    “27 banks will have their stalls at the venue. Private mobile wallet companies will also be there to help people in making digital payments,” Prasad added.

    Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

    Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.

    • TAGS
    • Aadhaar
    • bank account
    • bank accounts
    • Banking in India
    • biometrics
    • Business_Finance
    • Common Service Centre
    • Common Service Centre (CSC)-SPV CEO Dinesh Tyagi
    • crore bank accounts
    • delhi
    • Digital India
    • e-payments
    • Finance Ministry
    • Government of India
    • India
    • Interbank networks
    • IT and Law Minister Ravi Shankar Prasad
    • Law Minister
    • Major Dhyanchand National Stadium
    • Ministry of Electronics and Information Technology
    • people open bank accounts
    • Ration card
    • Ravi Shankar Prasad
    • smartphones
    • Technology_Internet
    • Unified Payments Interface
    • UPI
    • Village Level Entrepreneurs (VLE)
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleCyware launches mobile based training on Cyber Security
      Next articleCMAI to initiate free online programmes on e-transactions
      Rashi Aditi Ghosh

      RELATED ARTICLESMORE FROM AUTHOR

      PAN,Aadhaar

      PAN or Aadhaar Now Mandatory for Cash Deposits or Withdrawals Above Rs 20 Lakh

      Abhinav Sinha

      Fintechs can offer financial institutions with expertise in timely tech acquisitions: Abhinav Sinha, Co-Founder, Eko

      Aadhaar centres

      Odisha to open Aadhaar centres at hospitals

      aadhaar

      SC dismisses plea seeking mandatory linking of Aadhaar to social media accounts

      Income tax e-filling

      10 things to keep in mind before filing ITR for FY 2018-19

      aadhaar

      Aadhaar Amendment Bill passed by Parliament

      Follow us on

       

      Welcome to Elets Technomedia

      Sign in into your account

      For continuing, Please agree our Terms & Conditions and acknowledge our Privacy Policy. This same account can be used across all Elets News portals.

      A bi-monthly magazine of The Banking & Finance Post, published by Elets Technomedia Pvt Ltd, prides itself in spotting and highlighting key trends in the BFSI sector.
      Advertise with Us

      Advertising with The Banking & Finance Post, a unique opportunity to reach a huge global audience in the BFSI domain, we assure to present your brand’s message in a bigger and more beautiful way than any other platform.

      Get a quote

      Contact Us
       
       
      Elets Technomedia Pvt. Ltd.

      Stellar IT Park, Office No. 7A/7B, 5th Floor, Tower – 2 Annexe Building, C-25, Sector – 62, Noida, Uttar Pradesh – 201309, India

      • About Us
      • Advertise With Us
      • Write For Us
      • Magazine Subscription
      • Conference Reports
      • Income Tax Calculator
      • Privacy Policy
      • Contact Us
      © 2022 All rights reserved | Elets Technomedia Pvt Ltd

        X
        SUBSCRIBE TO OUR NEWSLETTER
        India's Fastest Growing B2B Media Company

        Celebrating
        #20YearsofExcellence

        Two decades of pushing boundaries and breaking barriers for a better future! Join us as we continue our ambitious mission to drive innovation, making a difference through new ideas and technologies!

        Elets Technomedia is celebrating its 20th anniversary this year! We are proud to have achieved this significant milestone with your valuable support and trust.

        Proceed to Website