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BHIM Aadhaar Pay
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BBhim Aadhaar Pay is an easy mode of cashless transaction and allows the customers to pay the merchant of any bank just through biometric authentication (fingerprints) from Aadhaar enabled bank account of customer as well as merchant, as the interface of the app uses Aadhaar to connect with the customer and the merchant’s bank account. Due to this payment app, users don’t need a debit card. Bhim Aadhaar Pay platform was launched on the birth anniversary of Dr.Bhim Rao Ambedkar.

This platform is the next step to UPI payment system, because in UPI payments, authentication is done through linked mobile number but here biometric records are used for authentication. Just like there are many UPI payment apps, similarly there are many BHIM Aadhaar Pay apps too. Even some banks also launched merchant Aadhaar pay apps for their customers, such as ‘SBI Aadhaar Pay’ app was launched in February 2017 and is available on the google play store. However, every bank's app is not on play store. In such cases, the merchant needs to contact the bank, and the bank will give the download link after verification.

How does BHIM Aadhaar Pay App Work? 

BHIM Aadhaar App is for merchants; so, customers don’t need to install it in their mobile phones. They can pay at shops through the app by using thumb impressions. However, merchants need to install it on their android or iOS mobile phones. To receive the payments from customers, merchants, as well as customers who are doing payment, need to link their bank accounts to Aadhaar. As BHIM Aadhaar Pay app is based on Aadhaar Enabled Payment System, it will use the Aadhaar number to connect with the customer and the merchant.

The benefit of this app is that merchants don’t need POS machine and the customers don’t face the hassles of keeping a card, swiping it and entering the pin.

How to Download and Setup the BHIM Aadhaar Pay App?

  1. Install the app from the google play store and enter your details, such as name, address, Aadhaar number, etc. Choose the bank with which you have the account and generate the request to the bank.
  2. The bank will contact you to help in the registration process. After the registration is complete, an activation link will be sent to you.
  3. After installing the app, connect your phone with a fingerprint scanner and thereafter link your bank account with the app through Aadhaar.
  4. Use the fingerprint scanner for taking your fingerprints. After the successful authentication, your bank account will be linked with the app.

Cashback and Referral Offers:

TThe Government has set a budget of Rs 495 crores for cashback and referral schemes launched for the normal users and merchants. To promote BHIM Aadhaar app among merchants, the government is giving a cashback of Rs 300.