July 17 2017 If you need to pay at shops, multiplexes and other Points of Sale ( POS), there is a new e-payment mechanism, that is also full of promise: the Aadhaar-enabled Payment System (AePS). You can enter your Aadhaar number into a micro ATM terminal and place any finger to scan your print. That's it. You don't need a debit or credit card. You don't need to remember its PIN. You don't need a phone . And in the latest advance, the merchants don't need a special micro terminal either. They can download what is known as the BHIM-Aadhaar app on a mobile phone and attach to it a fingerprint scanner costing about Rs 2000. The customer provides just his Aadhaar number and a finger. BHIM and Aadhaar: made for each other -- and for us.
Read main BHIM story here