The government is planning to utilise the Aadhaar database to give shape to a digital future and utilise it for payments, and authentication of transactions is the key to its success. While Unified Payments Interface and BHIM (Bharat Interface for Money) are processes for peer-to-peer transactions using smartphones, the government is promoting Aadhaar-enabled payment systems for the non-smartphone savvy. As per sources it is planning to launch Aadhaar Pay on April 14. ET looks into the different forms of Aadhaar payment modes being developed by the government.Payments that can be done with the help of au thentication and identi fication through the Aadhaar database is referred to as the Aadhaar Enabled Payment Systems (AEPS). It also checks the funds in the connected account and allows the transaction.Aadhaar Pay:This is for merchant payments where the merchant will download the merchant payments app of his bank, authenticate the customer through his biometrics and Aadhaar number and initiate a pull transaction.

Source: Economic Times March 29, 2017 02:26 UTC