The Aadhaar Pay app lets consumers pay without any physical payment instrument. To use it, merchants need to first download the Aadhaar Pay app and then register to start using it. Jaitley said that Aadhaar Pay will be specifically beneficial for those who do not have debit cards, mobile wallets and mobile phones. In January, law and information technology minister Ravi Shankar Prasad had said that more than 14 banks had been integrated with Aadhaar Pay and 1.11 billion people had an Aadhaar number. The government is banking on this infrastructure to build Aadhaar Pay.

Source: Mint February 01, 2017 14:15 UTC