BHIM Aadhaar Vijaya Pay is a digital payments acceptance solution from Vijaya Bank. Using Aadhaar authentication this Android app functions as an electronic point of sale terminal.
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BHIM Aadhaar Vijaya Pay • BHIM Aadhaar Vijaya Pay is a digital payments acceptance solution from Vijaya Bank. • Using Aadhaar authentication this Android app functions as an electronic point of sale terminal. • By using this app, merchant can enable payments for goods/services. • This can also be used for accepting payments from customers who have a Aadhaar seeded bank account (authenticated by verifying customer’s biometrics). • BHIM Aadhaar Vijaya Pay app is interoperable which means; customers of any other participating bank can also transact using the same application.
How BHIM Aadhaar Vijaya Pay Works
How BHIM Aadhaar Vijaya Pay Works (Cont...) • By using this app, customers can transact without the need for any physical payment instrument. • For Merchants to use: • Merchants need to download and register in the Aadhaar Pay app. • Merchant’s mobile number should be linked to an Aadhaar biometric reader. • Once the above are done, customers can start transactions. • For Customers to use: • Customers have to link their bank account with Aadhaar number. • For performing the transaction, merchant enters his Bank details, then enters Aadhaar number followed by authentication. • Here, the merchant outlet becomes a Bank’s mPOS Merchant point.
Features of the App • Safe and secure. • Real time payments directly to your account; no need to spend time for depositing money to your account. • Cashless transactions which means no risks involved with forged notes. • Transaction report to keep track of your payments. • Card-less transactions; just the Aadhaar number is required.
Requirements of the App • From Merchant’s standpoint the following are required for the App to work. • Vijaya Bank account which is Aadhaar seeded. • Certified Biometric Reader. • Android smartphone having Android version 4.2 or higher with internet connectivity and OTG support for connecting the biometric device. • Phone should be able to drive the biometric reader.
BHIM Aadhaar Merchants Incentive Scheme • For every transaction, merchant will be rewarded with an incentive which is calculated @0.50% of the transaction value with a minimum being ₹ 2 and maximum being ₹ 50/- • Maximum incentive is restricted to ₹ 2000 per merchant per month. • This scheme is valid till 31st March 2019.
VIJAYA BANK • Vijaya Bank is a PAN India Institution, serving diverse sectors of the society • The Bank offers a bouquet of innovative and attractive products and services to its customers. It has also incorporated a host of latest Digital Banking products, to provide the best services to its customers. Digital Banking services are: • VPAYQWIK • Mobile Banking • Net Banking • Vijaya UPI • Twitter bankingand many more… For details, visit: https://www.vijayabank.com