Will ask all banks to begin Aadhar-enabled payments: Chandrababu Naidu

NEW DELHI: Andhra Pradeshchief minister Chandrababu Naidu said on Wednesday that digital economy was showing positive signs of growth post demonetisation.

“On digital economy, things are moving very positively. The NITI Aayog has presented best practices of different countries,” said Naidu after a meeting of the Chief Minister’s Committee on demonetisation.

Stating that digital transactions was the only way to overcome the cash crunch, Naidu emphasised that the public needs to switch over to Aadhar Pay, mobile phones, swipe machines and online banking system.

Naidu, the convenor of the panel, also promised to bring all banks into the fold of Aadhar-enabled transactions.

“As of today only 4 banks had mechanism of Aadhar card based payment. We will request all the banks to start Aadhar card based payments,” he said without giving further details

The Andhra CM mentioned the panel was planning to reform the Aadhaar Enabled Payment System (AEPS) by introducing biometric machines.

“For AEPS or Aadhar Pay, only merchant must have smartphone, we need to just add biometric system. That way the consumer doesn’t need to have a smartphone for making payments,” Naidu added.
There will also be a new version of the Unstructured Supplementary Service Data (USSD), which allows people to conduct transactions upto Rs 5,000 even on feature phones.
The Chief Minister’s Committee was set up by the Niti Aayog on November 26. While Naidu was made convenor, the chief ministers of Maharashtra, Madhya Pradesh, Sikkim and Puducherry were made members of the committee.