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These SIM cards may be deactivated after February 2018 – Gadgets Now

These SIM cards may be deactivated after February 2018 – Gadgets Now

NEW DELHI: The government is moving ahead with linking Aadhaar with mobile SIM cards and all unlinked phones will be deactivated after February 2018, said informed sources.

The sources said Aadhaar mobile linkage is being done as per the orders of Supreme Court passed in February this year in Lokniti foundation case and all SIM cards have to be verified with Aadhaar within a year from the date of judgement, with all unlinked phones to be deactivated after February next year, so criminals, fraudsters and terrorists cannot use the issued SIMs.

BHIM-Aadhaar platform launched: 10 things to know

BHIM-Aadhaar platform launched: 10 things to know

Prime Minister Narendra Modi has launched BHIM-Aadhaar, the merchant interface of the Bharat Interface for Money (BHIM) mobile application. This enables Indian citizens to make digital payments using their biometric data such as their thumb imprint on a merchant’s biometric-enabled device. Here’s all you need to know about this new BHIM-Aadhaar platform.

How BHIM-Aadhaar Pay works

A merchant needs to download the BHIM-Aadhaar Pay app on his smartphone, connect the app to his bank account and link the phone to a biometric scan machine. To make payment, the customer just has to give his fingerprint. The customer must have an Aadhaar-linked bank account.

Your fingerprint is your password

Users with Aadhaar-linked to their bank accounts can make payments by authenticating the transaction via their fingerprint. The app uses biometric scans as passwords. This means that users can use their fingerprint or biometric data to validate a transaction. The merchants get paid through the user’s bank accounts.

No transaction fee (or MDR) for merchants

With BHIM Aadhaar platform, government has also done away with merchant discount rate (MDR) or transaction fee charged on debit card payments. MDR is the commission paid by the merchant to the acquiring bank for every transaction done on the Point of Sale (PoS) machine installed by the bank. A large portion of the MDR earned by the bank goes into paying interchange fees for the card issuing bank. The remaining part is paid to service providers such as Visa, MasterCard or National Payments Corp of India (NPCI).

It does not need internet connection

“Any citizen without access to smartphones, internet, debit or credit cards will be able to transact digitally through the BHIM-Aadhaar platform, thus realizing Dr Ambedkar’s vision of social and financial empowerment for all,” the government said in a statement. This means any user with Aadhaar number linked to his bank account can make the payment with this platform.

Makes cashless transactions possible for even those without smartphones

The app makes cashless transactions possible even for those who do not have mobile phones. However, the merchant accepting the payment has to have a mobile phone.

It needs your Aadhaar number to be linked with bank account/accounts

Though users don’t need any password or app, it is mandatory for them to have their Aadhaar number linked to their bank account/accounts to make the payment.

Based on APB and AEPS

According to Niti Aayog, Aadhaar Pay uses two platforms — Aadhaar Payment Bridge (APB) and Aadhaar-Enabled Payment System (AEPS). APB acts as repository between the banks and customers to provide a smooth flow of transactions, while AEPS helps in authenticating the online process.

For every successful referral, users can earn Rs 10

Prime Minister Narendra Modi announced incentive program for BHIM-Aadhaar digital payment platform for both users and merchants. Users can earn Rs 10. Under the referral bonus scheme, both the existing user who refers BHIM and the new user who adopts BHIM would get a cash bonus credited directly to their account.

Cash incentives for Merchants

Under the cashback scheme, the merchants will get a cashback on every transaction made using the BHIM app.

27 major banks on board

According to government 27 major banks are on board with 3 lakh merchants so that they can start accepting payments using BHIM-Aadhaar.

The sources said that biometrics cannot be stored by the mobile operators nor they have access to any of the other personal data.

They said biometrics collected should be encrypted by telecom company and sent to UIDAI at that moment itself and any storage of biometrics by a service provider is a criminal offence punishable with up to three years of imprisonment under the Aadhaar Act 2016.

The Central government had told the Supreme Court in February that it would put in place, within a year, an effective mechanism for the verification of pre-paid mobile users who constitute 90 per cent of the total subscribers.

Asking the government to put in place the mechanism for the verification of existing pre-paid mobile connection holders “as early as possible”, the court disposed of the petition by Lokniti Foundation seeking the scrutiny of the subscribers so that those having pre-paid mobile connections on fake identities are weeded out.

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