wordpress blog stats
Connect with us

Hi, what are you looking for?

UPI payments to Aadhaar numbers appears to be live

Image of a fingerprint

Users of Samsung Pay, BHIM and HDFC Bank's mobile banking app can now make UPI payments to Aadhaar numbers. This suggests that some parts of the second version of the Unified Payments Interface (UPI) are live. It was reported that the second version of the UPI was supposed to be out in March 2017 and the draft paper had detailed out that it would be using the Aadhaar to map out financial addresses on the UPI. Samsung Pay's latest update said that users can pay by using the Aadhaar number, while BHIM shows that user can also use Aadhaar to pay. HDFC Bank's mobile banking app showed payment to Aadhaar as an option as well. Remember, when HDFC Bank launched UPI on its app in November 2016, the option to send money to an Aadhaar number was inactive.  Meanwhile, the option to send money to an Aadhaar number is not active on other UPI apps such as PhonePe and Chillr. MediNama has written to the National Payments Corporation of India (NPCI) for more updates and we will update you once we hear from them. A reminder: So far, there are three other payment infrastructures which are linked or will be liked to the Aadhaar: – First is the Aadhaar-Enabled Payment System (AEPS) is a financial inclusion product developed by the NPCI which allows cash withdrawal, deposit and funds transfer at POS (Micro ATM) through a business correspondent of any bank using the Aadhaar authentication. So far, there are 119 banks on the AEPS. Most recently, Spice Money, the domestic…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ