Which of the following is main objective of Aadhaar Pay?

Asked 27-Jul-2022
Viewed 406 times

1 Answer


0

An overview of the Aadhaar payment app:

The Aadhaar payment app was launched to promote digital transactions. Although other UPI apps serve the same goal, the Aadhaar app has amazing benefits like payments utilizing a fingerprint scan that makes the app more effective in rural and urban India. This article shows a closer look at the benefits of using the Aadhaar Pay App.



Which of the following is main objective of Aadhaar Pay?


The BHIM Aadhaar Pay App enables the traders to receive payments from customers through their aadhaar authentication. It is a payment interface that allows the merchant to accept payments digitally and allows funds to reach the merchant’s account instantly on time. It is an endeavor taken to make cashless payments. However, there is no need for an individual to own a smartphone or a payment card to utilize the app. All that is required to use the app is that the person has to link the Aadhaar to his bank account.


Benefits:

The seller using the BHIM Aadhaar pay can avail of the advantages of accepting digital payments in an uncomplicated method. Earlier, the merchant had to apply to get the point of Sale (POS) system to receive payments digitally. The process of receiving the POS machine was lengthy and expensive. At the same time, the BHIM Aadhaar pay saves money and time since the app can be used easily on smartphones. The merchants are able to receive amounts digitally by downloading the app, and the services of the app can be availed without any expenses. The facility makes it easier for merchants to swipe their cards or make their payments through cash.