Modi saidBHIM (Bharat Interface for Money) will soon become the centre of economic activity and he urged law and IT minister Ravi Shankar Prasad to get the payment system patented since other countries are looking to replicate the model.
Speaking on the BHIM-Aadhaar App, the Prime Minister said that it is the first-of-its-kind and even several countries want to know how it works.
"Any citizen without access to smartphones, the Internet, debit or credit cards will be able to transact digitally through the BHIM-Aadhaar platform, thus realising Bhim Rao Ambedkar's vision of social and financial empowerment for all", a statement released by NITI-Aayog said. Once the customer's Aadhaar number is entered, the app will show the bank accounts linked with the Aadhaar number. However, before availing of the service, users will have to link the Aadhaar number to their bank account.
Merchant asks the customer to authorise the payment by placing his/her finger on the bio-metric scanner connected to merchant's smartphone. In March, the government launched Aadhaar Pay, a new Android-based smartphone app. The central government has reportedly invested Rs 495 crores for a period of six months in the scheme.
The Aadhaar Pay platform was launched past year on December 30th. "Time is not far when we will have premises-less, paperless banking".
NCAA approves new early signing day
If the package is approved by the Board of Governors on April 26, the signing period change would take effect August 1. The thing that worries me is it nearly feels like we're starting to individualize high school football.
With a maximum merchant cashback of Rs 1,800 in six months, getting 20 lakh merchants on board would entail an outlay of Rs 360 crore, leaving Rs 135 crore for on-boarding customers - at Rs 35 per customer, including the incentive for the referral as well as downloading the app, that's nearly 40 million customers.
Modi today paid tribute to B R Ambedkar at Deekshabhoomi here, where the Dalit icon had embraced Buddhism, to mark his 126th birth anniversary.
Mr. Modi also launched the ambitious "Home for All by 2022" scheme under Pradhan Mantri Awaas Yojana by performing ground-breaking for 21 projects coming up in state. As per the referral bonus scheme, If a merchant adds a person to BHIM app, after 3 transactions by the person, your account will get a credit of Rs 10. "If you refer 20 people a day, you can earn Rs 200", he said. Shedding light on Dr Ambedkar's life, Modi said that the great leader did not have a trace of bitterness or revenge in him despite facing struggles and bitter experiences in his life. Once the app is validated, merchants can use it to take payments.
NITI Aayog CEO Amitabh Kant said that these schemes - to be administered by MEITY and implemented by the NPCI - will provide a major impetus to digital payments in India. It now supports 12 languages. But now, things have changed, technology has made thumbs a source of power. The app was launched on 30 December.
Awards worth Rs 250 crore have been given to boost less- cash transactions, he said.
The members of the BJP's Mahila Morcha felicitated the prime minister in front of the Raj Bhavan, giving him lotus flowers. Shah is also scheduled to attend a programme at the state BJP headquarters to celebrate the Odia New Year.
Chris Wood struck deep into injury time to slow Newcastle's promotion drive as Leeds escaped from St James' Park with a point. Newcastle are eight points clear of third-placed Huddersfield - who have a game in hand - with four games left to play.
It might seem that Alomary's workload would decrease once the battle for Mosul is over, but he expects the opposite. Mosul west of the Tigris river is smaller but more densely populated, including the narrow streets of the old city.
Morano began working in a factory making jute bags when she was 16. "When I first knew her she used to eat three eggs a day". Emma Morano was fortunate enough to see numerous world's greatest losses and achievements since the late 1800s.
New stars include Benicio del Toro, Laura Dern, and Kelly Marie Tran . " The Last Jedi " is due in theaters December 15. In another image, several fighters are engaged in a space battle as red and green blasts shoot through the air.
Rooney is a hard time, not just for myself, the Pittsburgh Steelers organization and the National Football League ". GOLDMAN: In 1933, Art Rooney's new NFL team in Pittsburgh signed one of only two black players in the league.
The Cougars beat Arizona for the first time in 10 years on March 10 while recording a season-high 49.050 on vault in the process. She is now eligible to win NCAA titles in all three disciplines, depending on the results from tonight's semifinal.
Trump has also called on China, North Korea's strongest ally, to take stronger action to curb those nuclear ambitions. Trump ordered the strike in Syria in response to a deadly chemical weapons attack on Syrians.
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Lavrov called on the US not to repeat the airstrikes, which he said were part of efforts to oust Assad that won't succeed. Iran's Mohammad Javad Zarif emphasized that the participants agreed that unilateral actions by the USA were unacceptable.
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Geils lived in Groton for over three decades, and his love for the town has led to Groton, in 2007, designating December 1 as "J". Geils was found unresponsive at his home in Groton, Massachusetts, around 4 p.m. on April 11, the Daily Mail reported .
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She was one of only a few senior aides not present at this week's summit with the Chinese president at Trump's Florida estate. As for the former Breitbart executive, if he is fired, just blame Jared Kushner , Trump's son-in-law, for the inside job.
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In doing so, Trump is departing from some of the radical changes he promised, and moving toward the positions of his predecessors. The two leaders also had a telephonic call on Wednesday, when they discussed the situations in North Korea and Syria.
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"I think he fundamentally doesn't understand the nature of the Russia-China relationship", she said, describing it as pragmatic. Recently, the United States has seen a considerable increase in the lack of worldwide support.
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This dump also provides significant ammunition for those concerned with the U.S. government developing and keeping 0-day exploits. The released may also cause substantial diplomatic fallout, as the US government's access to SWIFT has always been controversial.
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Melenchon, once a distant fifth place, has risen in recent polls to roughly third, around even with conservative Francois Fillon . "The caste which is screaming blue murder about me has forgotten it is supposed to be combatting Mrs Le Pen", Melenchon said .