Aadhar Debit Card

Aadhar Debit Card

As per the latest reports there could be soon the launch of Aadhar Debit Card in India. Given above is the image representation if Aadhar based Debit Card comes in the market.

Speaking at a press conference at Niti Aayog about the alternatives of physical currency, Ajay Bhushan Pandey, CEO of Unique Identification Authority of India (UIDAI), said, “There are currently 1.31 crore transactions per day through Aadhar and we can handle up to 10 crore transactions per day. We will soon be able to manage 40 crore transactions each day.”

Commenting on the issue of privacy associated with Aadhar-enabled transactions, Pandey said, “The Aadhar laws are such that we cannot ascertain whether a certain transaction is a credit, debit or anything else. There will be utmost privacy for all such Aadhar-linked operations.”

Niti Aayog CEO Amitabh Kant noted that there will soon be an Android mobile app to enable Aadhar-linked banking services.

He said, “In another 15 days there will be an Android app to allow cell phones with external or in-built retina and fingerprint scanners to allow these services.”

Watch this space for more information about Aadhar Debit Card.