Soon, you will be able to pay for your groceries and other purchased goods by using just your fingerprints and biometric data. You won’t need debit or credit cards, smartphones or e-wallets. You won’t need to sign or even remember your PIN.
In a bid to increase digitisation and move to the next phase of ‘cashless India’, the government is preparing to launch Aadhaar Pay, an initiative that will supersede the need to use credit cards, debit cards, smartphones and PINs to make payments or transfer money. The proposed system of payments will use a person’s biometric data and fingerprints to make payments through Aadhaar-linked bank accounts.