(FE)
The government’s Bhim-AadhaAr initiative, rolled out on April 14, is off to a slow start with very few transactions taking place. The initiative was aimed at encouraging merchants to accept digital payments using customers’ biometric authentification or Aadhaar. However, sources told FE merchants are still waiting for the Unique Identification Authority of India (UIDAI) to specify the exact features which the biometric authentication devices need to have.
While the government had put out a number of seven lakh merchants as having been acquired across 27 banks, there have been no further updates on either merchant acquisition or transaction volumes.
