Follow us on
Welcome Guest! You are here: Home » India
Prime Minister Modi bats for digital currency, says Aadhar-based payments in 2 weeks
Friday December 30, 2016 7:44 PM, PTI

DigiDhan Mela
[Prime Minister Narendra Modi addressing the gathering at the DigiDhan Mela, in New Delhi on December 30, 2016.]

New Delhi:
In significant push towards a less-cash economy, Prime Minister Narendra Modi Friday announced starting a biometric payment system using Aadhar platform within two weeks even as he exhorted citizens to adopt digital currency from the new year.

After card payments and e-wallets, payments through the new system can be made by just a thumb impression after the bank account is linked with Aadhaar gateway, he said at a DigiDhan Mela, an event organised to celebrate the success of digital currency push.

Modi used wit and humour to take swipes at his political opponents for criticising demonetisation saying the drive was aimed at catching the "mouse" that eats away the nation's wealth.

Though he did not name anyone, his comments were directed towards Opposition parties which have been criticizing the demonetisation move for yielding minuscule results in unearthing black money.

Scoring a political point, he said a new indigenously developed payment app 'BHIM' has been named after the main architect of Indian constitution, Bhim Rao Ambedkar.





Share this page
 Post Comments
Note: By posting your comments here you agree to the terms and conditions of www.ummid.com