Online transaction or transfer of money has significantly increased in India following the outbreak of COVID-19. People use different apps to transfer money. They make payments digitally for educational fees, bills of grocery items and other things.
However, there are several people who neither do have smartphones nor have information about Unified Payments Interface (UPI) to transfer money. But, the Unique Identification Authority of India (UIDAI) has launched a new service through which people can send money.
According to UIDAI, people who use BHIM can send money using the Aadhaar number to receivers without a smartphone or UPI address.
It is to be noted here that BHIM is an Indian mobile payment App developed by the National Payments Corporation of India, based on the Unified Payments Interface. It was launched on December 30, 2016. It is intended to facilitate e-payments directly through banks and encourage cashless transactions using a single identity like your mobile number or name.
If you are using BHIM and want to send money using Aadhaar number, then you can because the receiver’s address is shown as an option to send money while using the Aadhaar number, said the UIDAI.
Here’s how you can send money using Aadhaar number in BHIM
- To send or transfer money using Aadhaar number, BHIM users need to enter the 12 digit unique Aadhaar number of the receiver and press the Verify button.
- First of all, you have to enter the 12-digit unique Aadhaar number of the receiver and press the Verify button on BHIM following which the system will verify the Aadhaar and populate the address of the receiver. If the system shows the address details of the receiver then you can send money.
According to UIDAI, the money will be credited on transfer to the bank account chosen by the receiver to get DBT/Aadhaar based credit. Simultaneously, Aadhaar number and fingerprint can be used to make digital payments to merchants using Aadhaar Pay POS to receive payments. If a user has accounts in more than one bank and all accounts are linked with Aadhaar, then all accounts can be used to make digital payments.
According to UIDAI, while making Aadhaar based payment, you will be given the option to select the name of the bank from which you want to make the payment. Thus the users have the option to select the bank every time they make a payment. Also, while making payment through Aadhaar Pay, your account will be debited online/immediately.
(Sources: navbharattimes.indiatimes.com)
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