IDFC Bank has launched India’s first biometric-based payment system ‘Aadhaar Pay’ in New Delhi.
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).
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.
What can be the possible questions from above news:
Q1. Name the Private Lender, which has launched India’s first biometric-based payment system ‘Aadhar Pay’, recently.
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Source- The Indian Express