BHIM Aadhaar pay is an Aadhaar based payments interface which allows real time payments to Merchants using Aadhaar number of Customer & authenticating him/her through his/her biometrics.
Merchants can initiate transactions where customer can pay money using their Aadhaar no and authenticate it using their biometrics for the goods and services purchased.
Merchant can View the transaction whether it is Successful transaction, Pending Transaction or Failed Transaction.
Customer can pay using aadhaar number & biometrics at all merchant locations where BHIM Aadhaar Pay is accepted.
Merchant will enter customer details and amount in his BHIM Aadhaar Pay App and customer has to provide his biometrics on the Merchant App after selecting his bank.
BHIM Aadhaar Pay is available for all Android Smartphones. The minimum requirement for Android version is 4.4.
Limit on Value of Transaction: The per transaction limit is Rs.10,000 (as maximum incentive is capped at Rs.50, at 0.5% of transaction value)
For the purpose of merchant Incentive Scheme, a Merchant would be defined as: Any entity which is engaged in trading of goods and services and is receiving the payment through BHIM Aadhaar pay App of the Banks using Aadhaar Authentication of Customer.
Aadhaar Authentication should be done by merchant using any Registered device viz, Micro-ATM/POS, mPOS, Kiosk/Tablet/Mobile Handset.
BHIM Aadhaar pay enabled Merchant should perform transaction using BHIM Aadhaar App of any banks live on BHIM Aadhaar Pay, for sale of Goods and Services and payment should be done by customer using his Aadhaar Number and Biometric Authentication.
The Maximum Incentive which can be earned by the Merchant in a month is Rs.2000
BHIM Aadhaar Pay enabled merchant will receive the Incentive between One to Seven Days after the date of transactions (Kindly check with your respective banks for further details).
BHIM Aadhaar Pay Merchant Incentive Scheme is effective from 1st April 2017. At present, it has been extended upto 31st March 2019.
Source : NPCI
Last Modified : 3/1/2020