In its bid to boost digital payments, India introduced Bhim, a smartphone app that lets users make cashless payments and transfer funds.
But the Android and iOS versions of Bhim, which stands for Bharat Interface for Money, ran into two roadblocks – many Indians don’t have smartphones and those who have phones cannot afford data connections.
On Friday, India’s Prime Minister Narendra Modi launched Bhim-Aadhaar, a merchant interface for the Bhim app that allows Indians to pay digitally at stores using their thumb imprint through a merchants’ biometric-enabled device, which could be a smartphone having a reader and running the Bhim app.
To read this article in full or to leave a comment, please click here
Source: News Feed