Tuesday, May 22nd, 2018

 

Aadhaar-based MicroATMs offer card-less, PIN-less banking

The Unique Identification Authority of India (UIDAI) has launched Aadhaar-based MicroATMs to facilitate card-less and PIN-less monetary transactions in the country. With MicroATMs, users can access basic banking services solely through their Aadhaar number. This primarily allows India’s rural populace to seamlessly carry out digital transactions without having to own a credit or debit card. Aadhaar-based MicroATM is a complete, end-to-end payment solution Aadhaar-based MicroATMs are basically modified POS (point-of-sales) machines that a bank representative (or bank MITR) carries to enable doorstep banking services. Through it, customers can perform basicRead More