BHIM AADHAAR-BOI
- “BHIM AADHAAR-BOI is the merchant version of Aadhaar Enabled Payment System (AEPS) which enables merchants (Individual or Sole Proprietor) to accept digital payment from the Customer having Aadhaar enabled account; using his/her Aadhaar number and Biometrics which is authenticated by Unique Identification Authority of India (UIDAI).
- Once the biometrics and Aadhaar number is verified, the funds are transferred from the customer’s account to the merchant’s account in real time. The maximum limit on a transaction made with the BHIM Aadhaar Payment app is Rs. 10,000.
BHIM AADHAAR-BOI
- No Cash Handling as merchants can receive payments directly into their accounts.
- Customers can pay for their purchases from their bank account directly.
- No need for customers to pay in cash or to carry debit or credit cards for purchases.
- Can be used for home-delivery payments too as it is easy to carry phone and biometric scanner.
- Secure, simple and easy to use.