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Online Classes :- Current Affairs Part-3

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IDFC Aadhaar Pay launched

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i. IDFC Bank has launched India’s first biometric-based payment system ‘Aadhaar Pay’ in New Delhi.

ii. The Aadhaar Pay app has been developed by IDFC Bank under the guidance of the Ministry of IT, NITI Aayog, Unique Identification Authority of India (UIDAI), and National Payments Corporation of India (NPCI).

iii. The android app will use the fingerprint of the customer as a digital identity. Customers simply need to select their bank’s name and enter their Aadhaar number in the merchant’s phone.

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