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BHIM Aadhaar Vijaya Pay

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BHIM Aadhaar Vijaya Pay is a digital payments acceptance solution from Vijaya Bank. Using Aadhaar authentication this Android app functions as an electronic point of sale terminal. – PowerPoint PPT presentation

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Title: BHIM Aadhaar Vijaya Pay


1
BHIM Aadhaar Vijaya Pay
2
BHIM Aadhaar Vijaya Pay
  • BHIM Aadhaar Vijaya Pay is a digital payments
    acceptance solution from Vijaya Bank.
  • Using Aadhaar authentication this Android app
    functions as an electronic point of sale
    terminal.
  • By using this app, merchant can enable payments
    for goods/services.
  • This can also be used for accepting payments from
    customers who have a Aadhaar seeded bank account
    (authenticated by verifying customers
    biometrics).
  • BHIM Aadhaar Vijaya Pay app is interoperable
    which means customers of any other participating
    bank can also transact using the same application.

3
How BHIM Aadhaar
Vijaya Pay Works

4
How BHIM Aadhaar
Vijaya Pay Works (Cont...)
  • By using this app, customers can transact without
    the need for any physical payment instrument.
  • For Merchants to use
  • Merchants need to download and register in the
    Aadhaar Pay app.
  • Merchants mobile number should be linked to an
    Aadhaar biometric reader.
  • Once the above are done, customers can start
    transactions.
  • For Customers to use
  • Customers have to link their bank account with
    Aadhaar number.
  • For performing the transaction, merchant enters
    his Bank details, then enters Aadhaar number
    followed by authentication.
  • Here, the merchant outlet becomes a Banks mPOS
    Merchant point.

5
Features of the App
  • Safe and secure.
  • Real time payments directly to your account no
    need to spend time for depositing money to your
    account.
  • Cashless transactions which means no risks
    involved with forged notes.
  • Transaction report to keep track of your
    payments.
  • Card-less transactions just the Aadhaar number
    is required.

6
Requirements of the App
  • From Merchants standpoint the following are
    required for the App to work.
  • Vijaya Bank account which is Aadhaar seeded.
  • Certified Biometric Reader.
  • Android smartphone having Android version 4.2 or
    higher with internet connectivity and OTG support
    for connecting the biometric device.
  • Phone should be able to drive the biometric
    reader.

7
BHIM Aadhaar Merchants Incentive Scheme
  • For every transaction, merchant will be rewarded
    with an incentive which is calculated _at_0.50 of
    the transaction value with a minimum being ? 2
    and maximum being ? 50/-
  • Maximum incentive is restricted to ? 2000 per
    merchant per month.
  • This scheme is valid till 31st March 2019.

8
VIJAYA BANK
  • Vijaya Bank is a PAN India Institution, serving
    diverse sectors of the society
  • The Bank offers a bouquet of innovative and
    attractive products and services to its
    customers. It has also incorporated a host of
    latest Digital Banking products, to provide the
    best services to its customers.
  • Digital Banking services are
  • VPAYQWIK
  • Mobile Banking
  • Net Banking
  • Vijaya UPI
  • Twitter banking and many more
  • For details, visit https//www.vijayabank.com

9
THANK-YOU
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