‘BHIM Aadhaar Pay- J&K Bank’ App is a digital payment acceptance mobile application for merchants to receive digital payments from customers over the counter through Aadhaar authentication. ‘BHIM Aadhaar Pay- J&K Bank’ App uses fingerprints for the authentication. On the basis of this authentication, the money is paid from customers Aadhaar linked account to merchants account.

Some of the benefits of ‘BHIM Aadhaar Pay – J&K Bank’ are mentioned below:-

  1. Customers need not to have a smart phone or other technology to make payments.
  2. There is no need to carry debit card, credit card or digital wallets and therefore no need to remember PINs, MPINs and passwords.
  3. Affordable payment solution for merchants as well as customers.
  4. No rentals to merchants providing ‘BHIM Aadhaar Pay – J&K Bank’ services.
  5. MDR of only 0.25 %( excluding GST) of transaction amount is applicable to merchants.
  6. Safe and secure transactions using Aadhaar based biometric (fingerprint) authentication.
  7. For Customer, the minimum per transaction limit is Rs. 50/- and maximum limit is Rs. 10,000/- per transaction. For merchant, the maximum daily limit is Rs. 10,000/- and monthly limit of Rs. 50,000/- is applicable. At present the number of transactions is capped to maximum of 3 transactions per Aadhaar in a single day.