About Aadhar Pay:
Aadhaar Pay is a payment system which allows merchants to collect payments from a customer using his/her Aadhaar number and biometric authentication. The Aadhaar seeded account of the customer gets debited and merchant account gets credited.
In other words, AirCash Merchant is a retail payment and collection solution enabling merchants to accept digital payments even from customers without a card or wallet or mobile.
Benefits to Merchants :-
Transactions on Aadhar Pay: Smartphone (AirCash App) with reliable data connection, Fingerprint Scanner (Biometric Device), Any Bank A/C
Benefits to Customers:
Transactions on AADHAAR PAY :-
Just need to remember Aadhaar number & Linked Bank Account Name.
What is the process of collecting money through AADHAAR CARD linked with Bank Account?
Login to AirCash Merchant App and raise an invoice by entering the amount and remarks
Select Aadhaar Pay as mode of payment collection
Merchant needs to ask the AADHAAR No of the Payer or can scan the QR code of AADHAAR CARD (So that system automatically fetch the AADHAAR No)
Customer needs to provide a mobile number present at that moment for deduction notification
Merchant needs to ask the bank name of the customer where he/she wants to pay from and merchant needs to select the said bank from dropdown list of banks
Customer to provide biometric thumb impression on the device for the authentication
How can a customer make payment through Aadhaar Number?
Customer wishes to pay the charges through Aadhaar Card over the counter.
Merchant chooses Aadhaar Pay as payment collection mode and asks for the customers Aadhaar number
Merchant needs to choose Aadhaar seeded bank from the list. Then he/she needs to provide the thumb impression on the Biometric scanner. Fingerprint will work as a password for the payment
System tallies fingerprints with the available data in Aadhaar database. If it matches, the transaction is successful.
Operations Commenced On 2013
Franchise Commenced On 2017
Investment INR 10000 - 50000
Region Wise
State Wise
City Wise
Exclusive territorial rights to a unit franchisee Yes
Likely pay back period of capital for a Unit Franchise 0- Months
Haryana, Himachal Pradesh, Jammu and Kashmir, Delhi, Punjab, Uttaranchal, Uttar Pradesh
Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana
Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, West Bengal
Goa, Gujarat, Maharashtra, Rajasthan
Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh
Chandigarh, Daman and Diu, Lakshadweep, Pondicherry, Andaman and Nicobar
Type of property required for this franchise opportunity Commercial
Detailed operating manuals for franchisees Yes
Franchisee training location Online & Off-line
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is the term renewable? Yes
Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.
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