About the Business
About Aadhar Pay:Aadhaar Pay, an ingenious payment system, empowers merchants to effortlessly receive payments from customers by leveraging their Aadhaar numbers and biometric authentication. This innovative method ensures the customer’s Aadhaar-linked account is debited while simultaneously crediting the merchant’s account.
In essence, AirCash Merchant, a revolutionary retail payment and collection solution, enables merchants to accept digital payments seamlessly, even from customers who may not possess a card, wallet, or mobile device.
AirCash strives to redefine payments by eliminating the need for cards, cash, and mobiles. Our solution grants retail customers the ability to make payments without carrying any physical currency. We offer biometric devices and a comprehensive payment solution that prioritizes convenience, speed, simplicity, and security.
Benefits to Merchants:
Streamlined fund collection from customers
Zero MDR Charges (Merchant Discount Rate)
Robust security measures for peace of mind
Enhanced customer satisfaction due to time-saving processes
Effortless reconciliation of transactions
Elimination of cash handling costs and associated risks
Transactions on Aadhar Pay: All that’s required is a smartphone with the AirCash App, a reliable data connection, a fingerprint scanner (biometric device), and any bank account.
Benefits to Customers:
No necessity for a smartphone to make payments
No need to memorize PINs or passwords
Ultimate convenience in cashless payments
Ability to pay from any Aadhaar-enabled bank account
Top-tier security through biometric authentication
Freedom from carrying cash, cards, wallets, or e-wallets
Transactions on Aadhar Pay:
Customers only need to remember their Aadhaar number and the linked bank account name.
How does the process of collecting money through Aadhaar Card linked with a Bank Account work?
Log in to the AirCash Merchant App and generate an invoice by entering the amount and remarks.
Select Aadhaar Pay as the preferred payment collection mode.
Request the Aadhaar number of the payer or scan the QR code on their Aadhaar card to automatically fetch the Aadhaar number.
Ask the customer for their mobile number for deduction notifications.
Select the customer’s bank from a dropdown list of banks.
The customer provides a biometric thumb impression on the device for authentication.
How can a customer make a payment through an Aadhaar Number?
If a customer wishes to make payments via their Aadhaar Card in person:
The merchant selects Aadhaar Pay as the payment collection mode and requests the customer’s Aadhaar number.
The merchant chooses the Aadhaar-seeded bank from the list and captures the customer’s thumb impression using the biometric scanner. The fingerprint acts as the authentication password.
The system matches the fingerprints with the data available in the Aadhaar database, and if it matches, the transaction is successfully processed.
