Aadhaar Pay

In the era of digital advancements, BANKIT has emerged as a leading provider of Aadhaar Pay services, offering secure and convenient solutions for digital payments. With the aim of simplifying transactions and ensuring a seamless payment experience, BANKIT has introduced Aadhaar Pay, a reliable and user-friendly platform.

What is Aadhaar Pay?

Aadhaar Pay is a payment system provided by BANKIT that harnesses the power of Aadhaar cards, unique identification numbers issued by the Indian government. It enables individuals to make cashless transactions, eliminating the need for traditional payment methods like debit or credit cards. Aadhaar Pay is designed to cater to the needs of those seeking a streamlined approach to digital payments.

Aadhar Pay is the easiest method of accepting payments from your customers through Aadhar linked bank account. AEPS payment method allows retailers to accept cashless payments without debit or credit cards, which is suitable for taking payments from customers who do not have access to these basic financial necessities.

To withdraw money through BANKIT Aadhar Payment App the shopkeeper just needs a biometric device and the customer’s presence at the shop. Aadhaar Pay allows merchants to collect payment through a customer’s Aadhaar Number and Biometric Authentication. The Aadhaar linked banked account is thus debited and the amount is credited to the merchant account instantly.

BANKIT AePS Payment App incorporates a secured payment method provided by the National Payments Corporation of India (NPCI) that can allow non-tech savvy and the underserved Aadhar linked bank account holders to settle their payments through cashless mode without a debit or credit card and without even a smartphone.

BANKIT is an Aadhar payment service provider that facilitates an Aadhar Pay Merchant App for its banking correspondents and retail partners to take payments from customers easily. It also provides customers an option to send money to any ICICI Bank Account. Using AePSpe service the customers can send money instantly to any ICICI bank from their Aadhar linked account with biometric verification.

Major Features:

• Aadhar Pay allows merchants to collect cashless payments from customers easily.
• Customers don’t need to carry a smartphone.
• Payment is processed with just Aadhar Linked Bank Account and customer’s presence in the shop.
• Instant settlement of payment account to the merchant account
• Payments are done securely via Aadhar Payment Bank
• Only Biometric Verification is required to process the payment.

Benefits to Customers:

• BANKIT’s Aadhar Pay App allows customers to make payments without debit or credit cards.
• Easy cashless payment option from Aadhar linked bank account.
• No prerequisite knowledge required.
• No need to own a smartphone.
• Secure Payment Option
• Customer verified payments through biometrics.
• No need to apply for debit or credit card.
• Transfer Money instantly to any ICICI Payment using AePS service.

Services Offered:

• Aadhaar Payment Services
• Money Remittance to ICICI Bank Accounts

How to use Aadhaar Pay Service?

The process to accept payment through Aadhaar with is very easy:

• In the AePS Service segment, choose Aadhaar Pay.
• Add the Aadhaar Linked Bank Name and Aadhaar Number.
• Enter the amount that needs to be collected.
• Choose the Biometric Device that’s available.
• And capture the biometric details to process the payment.

Aadhaar Fingerprint Scanner is the most used biometric device used to verify fingerprints to accept payments through Aadhar.

Benefits of Aadhaar Pay:

Convenience: BANKIT's Aadhaar Pay service allows users to make payments using their Aadhaar card and a registered mobile number. It eliminates the need to carry multiple cards or remember complex PINs, ensuring a hassle-free and convenient payment experience.

Enhanced Security: Aadhaar Pay prioritizes security by utilizing advanced biometric authentication methods such as fingerprint and iris scanning. These robust security features significantly reduce the risk of fraud or unauthorized access, ensuring that transactions remain secure.

Financial Inclusion: BANKIT's Aadhaar Pay promotes financial inclusion by enabling individuals without access to traditional banking services to make digital payments. By embracing Aadhaar Pay, users contribute to the vision of a cashless economy and empower the underbanked population.

Features of Aadhaar Pay:

Seamless Integration: BANKIT's Aadhaar Pay service seamlessly integrates with various merchant payment apps and platforms, ensuring compatibility across a wide range of businesses. This seamless integration facilitates smooth transactions, offering a convenient and efficient payment process.

Real-Time Transactions: With Aadhaar Pay, users can enjoy the benefits of real-time transactions, eliminating the need for physical currency or card swiping. The instant payment feature enhances efficiency, benefitting both customers and businesses.

Cost-Effective: Aadhaar Pay offers cost-effective transactions, enabling businesses to reduce operational expenses associated with cash handling and card processing fees. This affordability makes Aadhaar Pay an attractive option for businesses of all sizes.