“Aadhaar Pay” an aadhaar-linked cashless merchant solution has been launched by which bank?
[A]State Bank of India
IDFC Bank has recently launched the aadhaar-linked cashless merchant solution “Aadhaar Pay” that uses a retailers’ smartphone to enable digital payments. It has been developed by IDFC Bank in association with Unique Identification Authority of India (UIDAI) and the National Payments Corporation of India (NPCI). There are no transaction fees for both merchants and customers. The IDFC Aadhaar Pay will enable millions of merchants across the country to facilitate cashless purchases for customers in a cost-effective and scalable way.