PM Narendra Modi launches BHIM-Aadhaar platform to push digital payments
MUMBAI | NEW DELHI: Prime Minister Narendra Modi launched the BHIM-Aadhaar platform, putting in place yet another keystone of a digital payment system that will help India make the shift to a less-cash economy. The biometric-based indigenous payment solution will enable real-time bank-tobank money transfers even for those without a phone and at no additional cost.
“This app can work even on a Rs 1,000-1,500 phone, you don’t need a smartphone. If you don’t have a phone you can use your thumb,” he said, referring to fingerprint authentication. Modi was speaking in Nagpur to mark the 126th birth anniversary of BR Ambedkar, after whom the payment system has been named.