Aadhaar-enabled payment coming soon
The Dollar Business Bureau The government has unveiled a path-breaking payment method, routed in the revolutionary Aadhaar Card, a unique identification mechanism that uses biometrics. Soon, the Indian citizen will walk into shops and settle his bills using his Aadhaar number, making wallets or mobile phones redundant for the purpose of making payments. "We are going to start Aadhaar Pay. People can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money," Electronics and IT Minister Ravi Shankar Prasad said. Not specifying a date for its launch, the Minister said that Aadhaar Pay will soon be implemented. The new payment idea has already roped in 14 banks, and is in the process of enrolling other banks. Bharat Interface for Money (BHIM), a mobile payments application recently launched by the government to boost digital transactions, is also ...
IT exports from Kerala to touch Rs 15,000 crore in 2015
The Dollar Business Bureau The Government of Kerala, on Sunday, informed about the growth prospects of the State’s Information Technology (IT) sector in the current year, while stating that the sector has witnessed a growth in the last four years. A statement in this regard was made by P K Kunhali kutty, Industries and IT Minister, Government of Kerala. The Minister was quoted to have said that the IT exports from Kerala are likely to touch Rs 15,000 crore mark in 2015 and is also expected to result in creation of around 2 lakh jobs in the State. The Minister further stated that the IT sector in the State has registered a good growth in the last four years, ...
