With FSS Aadhaar Pay, customers especially in rural and semi-urban areas can enjoy hassle-free transactions with just their Aadhaar number.
FSS Aadhaar Pay is a comprehensive biometric enabled merchant payment acceptance system which allows merchants to accept customer payments through their Aadhaar linked bank accounts without the need for a physical payment instrument.
It simplifies digital payments by using customer’s aadhaar number (Social security number equivalent) and biometric credentials stored on UIDAI India stack.
The solution enables banks and financial institutions to offer digital payment system with a low CAPEX and high scalability potential. It facilitates seamless and instant merchant onboarding using simplified Aadhaar enabled payments platform and faster refunds and settlement with linked bank accounts.
FSS Aadhaar Pay is a highly secure solution supported with biometric data encryption, SSL Keys to prevent identity thefts and frauds.
- Ease of Use: Instant payment acceptance by downloading Android based FSS Aadhaar Pay app from PlayStore
- Universal solution: Seamless payment acceptance from any customer by merchants with FSS Aadhaar Pay app.
- Flexibility: Supports Standards Testing and Quality Certification (STQC) certified fingerprint scanners for handsets
- Convenience: Enables customers to make payments easily without the hassle of remembering PINs, MPINs and Passwords.
- Top notch Security: Biometric data encryption, SSL Keys & Token encryption to prevent identity thefts and frauds
- Lower investments – 1/10th of cost in setting up the infrastructure compared with POS system
- Lower CAPEX and OPEX since only the 2G enabled basic smartphone is the delivery channel
- Instant self & assisted on-boarding thus realizing on-demand benefits
- Ability to offer loyalty and reward benefits to customers as it is configured real-time in the backend
- “One Size Fits All” solution due to its interoperability function and alternate payment methods
- Easy integration with partner banks’ existing Financial Inclusion gateway and hosted services model based AEPS platform (One of the largest FI gateway in India)
- FSS Aadhaar Pay is available in hosted service and licensed models for the Banks