What is PM Narendra Modis credit card killer BHIM Aadhaar platform and how it works 5 things to know

aadhaar pay, aadhaar pay launch, narendra modi, ambedkar jayanti, br ambedkar, ambedkar, aadhar pay merchant app, pm modi, modi aadhaar pay, bhim app, modi in nagpur, modi speech in nagpur, narendra modi nagpur, demonetisation, niti aayog, digital transaction, cashless economy, cashless transactions

Prime Minister Narendra Modi today launched BHIM-Aadhaar platform for merchants. This biometric-based payment system makes paying with the help of thumb impression a reality, in Nagpur. On the occasion, PM Modi said that soon people’s mobile phone will become ATMs. “The day is not far when premises-less banking will become and reality and mobile phones will play the most crucial role in it.”

The launch of the biometric-based payment system on the occasion of the birth anniversary of the Father of Indian Constitution Dr Bhim Rao Ambedkar is expected to mark the start of a new transaction culture in the country. While launching the BHIM App, a digital payments app, on December 30, PM Modi had talked about the Aadhar Pay for the first time. “Download it (BHIM) on a smartphone or on a feature phone. It is not necessary to have the internet for this app. In the next two weeks, one more work is being done, which will increase the power of BHIM so much that you would be able to withdraw money even with your fingerprints,” PM Modi said at the event.

The BHIM-Aadhaar payment platform is expected to make digital payments easy even for people who cannot read or write. Moreover, it is expected to end people’s dependence on credit or debit cards and reduce cash transactions. In the start of this month, IDFC Bank had first launched the Aadhar Pay within its network.

Here are five things you should know about the Aadhaar Pay:

1. What is BHIM-Aadhaar payment platform, or Aadhaar Pay: Aadhaar Pay is the merchant version of the Aadhaar Enabled Payment System (AEPS). It will especially benefit those who do not have debit cards, mobile wallets and mobile phones.

2. Only merchants need to have Aadhaar Pay: Aadhaar Pay is an app that needs to be carried by the merchants only. Users just need to have an Aadhaar-linked bank account and mobile phone, credit or debit cards. Merchants can download the Aadhaar Pay app to take payments online from customer’s bank account to their own account using the 12-digit unique Aadhaar number of the clients where clients can choose any of their bank accounts to do the transactions.

Each transaction will be authenticated by the fingerprint of the customer. Transactions can be made through Aadhaar-linked bank accounts (AEBA) only.

3. How to use: Merchants can download the app from play store or iTunes. After that, they can login with their Aadhaar number using the fingerprint scanner. Once the app is validated, merchants can use it to take payments.

4. Security concerns: According to the Niti Aayog, the Aadhar Pay is a highly secure app which will use two main platforms – Aadhaar Payment Bridge (APB) and Aadhaar Enabled Payment System (AEPS). APB will act as repository between the banks and the customers to provide a smooth flow of transactions, while AEPS will help in authenticating the online process.

5. Customer benefits: Customers do not need a debit card or credit card for payments through Aadhaar Pay. Also, Aadhar Pay would end the need to have an internet connection, many payment apps, or POS machines.

Aadhaar Pay would not charge Merchant Discount Rate (MDR). MDR is the charge paid by the merchants to a bank merchant for accepting digital transactions through credit or debit cards.


PM Narendra Modi’s ‘Mann ki Baat’ on Drug Menace Today

PM Narendra Modi's 'Mann ki Baat' on Drug Menace Today


Prime Minister Narendra Modi will share his thoughts on drug menace in his radio address ‘Mann ki Baat’, thanking people for sharing eye-opening insights on the topic.

“On Sunday at 11 am I look forward to sharing my thoughts during the ‘Mann Ki Baat’ radio programme. http://www.narendramodi.in/mannkibaat/,” he said in a tweet yesterday.

“As I said during the last programme, this time I would talk about the menace of drugs,” he said.

The Prime Minister said several people shared ideas, comments and insights on the topic, which he said have been both “eye-opening” and “helpful”.

“My thanks to them for contributing,” he said.

On November 4, he had invited views on the issue of “mitigating the menace of drugs” and had also asked NGOs working on the issue to share their experiences.

Prime Minister Modi’s third round of “Mann Ki Baat” radio programme will begin 11 am.


US Senate exposed Hollowness Of PM Modi’s Claims, Says Congress

US Senate Exposed Hollowness Of PM Modi's Claims, Says Congress

The Congress sought to puncture claims on prime Minister Narendra Modi’s successful excursion of the us. (record photograph)NEW DELHI: The Congress these days sought to puncture claims on top Minister Narendra Modi’s a hit tour of the usa, saying the us Senate sooner or laterexposed the hollowness and the falsity of the claims” made by PM Modi and his propagandists.

america Senate had refused to skip a key change to modify its export control rules to recognise India as a worldwide strategic and defence associate of the united states.

“What changed into the Modi’s cope with to america Congress? became america Congress in session? There were not even 50 Congressmen present — the relaxation have been staffers and people taking autographs as also non-resident Indians, folks that have been attending through invitation,” Deputy leaderof competition in the Rajya Sabha Anand Sharma instructed the media on the celebration headquarters in New Delhi.

“Please pass by means of the visuals, take out the listing, that status ovation — many of them werecheerleaders of Modi himself. allow this list be published via the us Congress and inform what number ofCongressmen had signed and who all were present,” Mr Sharma stated at the same time as accusing the Bharatiya Janata party‘s “propaganda machineryto move overboard to deviate public interest from realissues lower back home.

when we hold a function in the crucial corridor (of Parliament), invitations are sent out and such a lot of folks that aren’t even participants come for primary features. now and again, 1/2 of the vital corridoris full of non-MPs. It is not something brilliant that has passed off,” he delivered.

“Now, the us Senate has ultimately exposed the hollowness and the falsity of the claims made via Modi and his propagandist. they have refused to ok this strategic and defence partnership with India,” Mr Sharmastated.

He stated the government ought to clarify if India remained a strategic partner of the usa or just apurchaser of navy gadget.

“What has the government to mention? can we continue to be strategic companions or consumers ofarmy gadget or defence structures? you’re just a consumer; you’re paying billions of bucks; after whichthey decline to realise you as a strategic associate,” the Congress chief said.

India probably to go into Missile era institution during PM Modi’s visit To US

India Likely To Enter Missile Technology Group During PM Modi's Visit To US

India had carried out for club to the Missile generation manage Regime last 12 months (record photo)
move will help India export hello-tech missiles to different nations
As a member of MTCR, India can also buy predator drones from the us
US has successfully used to drones to kill Taliban leaders in Afghanistan
India is in all likelihood to go into the Missile generation manipulate Regime or the MTCR this week — aflow with the intention to help her export hello-tech missiles to other international locations andpurchase predator drones from the us.

reports say an announcement may also happen for the duration of high Minister Modi’s visit to the usthis week, so that you can be great

The drones have been used successfully by means of the united states to kill Taliban leaders in Afghanistan.

India had implemented for membership to the MTCR remaining yr but has confronted sturdy oppositionfrom some countries.

The Barack Obama management has strongly backed India’s club to MTCR and 3 other export manageregime — the Australia institution, Nuclear providers group and the Wassenaar arrangement.

mounted in 1987, the voluntary MTCR goals to limit the spread of ballistic missiles.

India is also aggressively pushing to come to be as member of the Nuclear suppliers organization, that isconsidering new packages at a assembly next week.