Online money transactions or transfers have dramatically increased in India after the COVID-19 outbreak. People use different apps to transfer money. They make payments digitally for tuition, grocery bills and other things.
However, there are several people who do not have smartphones or Unified Payment Interface (UPI) information to transfer money. But, the Unique Identification Authority of India (UIDAI) has launched a new service through which people can send money.
According to UIDAI, people who use BHIM can send money using the Aadhaar number to recipients without a smartphone or UPI address.
It should be noted here that BHIM is an Indian mobile payment application developed by the National Payments Corporation of India, based on the unified payment interface. It was launched on December 30, 2016. It is intended to facilitate electronic payments directly through banks and encourage cashless transactions using a single identity like your mobile number or name.
If you are using BHIM and want to send money using the Aadhaar number, you can because the recipient’s address is displayed as an option to send money while using the Aadhaar number, the UIDAI said.
Here’s how to send money using Aadhaar number in BHIM
- To send or transfer money using the Aadhaar number, BHIM users must enter the recipient’s unique 12-digit Aadhaar number and press the Verify button.
- First, you need to enter the receiver’s unique 12-digit Aadhaar number and press the Check button on BHIM, after which the system will check the Aadhaar and fill in the receiver’s address. If the system displays the recipient’s address details, then you can send money.
According to UIDAI, the money will be credited when transferred to the bank account chosen by the recipient to obtain a credit based on DBT / Aadhaar. Simultaneously, Aadhaar number and fingerprint can be used to make digital payments to merchants using Aadhaar Pay POS to receive payments. If a user has accounts in multiple banks and all accounts are linked to Aadhaar, then all accounts can be used to make digital payments.
According to UIDAI, when paying based on Aadhaar, you will have the option to select the name of the bank from which you want to make the payment. Thus, users have the option of selecting the bank each time they make a payment. Additionally, when paying via Aadhaar Pay, your account will be debited online / immediately.