A government programme to create an Aadhaar-enabled system for digital payments in the country has been announced by the Department of Electronics and Information Technology.
The aim is to ensure a seamless transition to digital payments across all sectors of the economy, including retail, telecom, health, finance, retail and retail services.
The department announced on Tuesday that the programme will start from October 2018.
“The Aadhaar-based system is expected to help in the transformation of the retail sector,” the department said in a statement.
“In addition, the Aadhaar-powered payments platform will allow the creation of digital wallets and the use of digital payment instruments by merchants in retail, wholesale and wholesale services.”
According to the government, the first phase of the Aadhaar project will be implemented in 10 states and two Union Territories by the end of 2019.
It is the second phase that will be launched in 2020.