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getdigitalsignature · 4 years ago

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Best Biometric Devices in IGR Maharashtra

What is a Biometric Device?

Biometric is unique human characteristics linked with fingerprint, iris, palms, etc. This unique feature is used to identify a person digitally or electronically. The gadget that helps to record and identify such features is referred to as a Biometric device.

Each of these features is sometimes used in combination. This ensures more accurate and robust digital security for confidential data.

Why Should you Use Biometric Protection?

A survey conducted by Ping Identity revealed 92 percent of businesses consider biometric as an effective system. It helps in providing unbreachable security ranking from useful to very effective. Further, 86% of companies claimed that biometric help to protect data stored in the public cloud. However, companies need to be careful while rolling a Biometric authentication system. A survey conducted by Spiceworks was based on the risk associated with Biometric protection. It disclosed 48% of companies consider biometric data as a top security risk with technology.

Four Primary Biometric Features used By Indian Government

Fingerprint Recognition: Valleys and ridges found on the tips of the fingers. It is a primary recognition method in India and used in various Government schemes. It provides robust digital protection and makes the entire process fast, seamless and efficient.

Face Recognition: It used a unique pattern of facial features. The features thus recorded act as a digital password unique to an individual. Most face recognition uses local features or eigenfaces.

Eye – Retina Recognition: It records a unique pattern of veins in the back of the eye for recognition.

Who uses Biometric in India?

The largest demand for Biometric in Indian Market comes from Central and State government. Various e-Governance applications in India are based on Biometrics. Some of these applications are:

· E-Passport

· UIDAI

· NPR

· PDS

· RSBY

· Transport department for issuing or renewing of Driving licenses

· JevaanPramaan Yojana for Pensioners

Importance of Verification, Recognition, and Identification in Biometrics

Biometric recognition is facilitated in an automated process by recording unique features. It means that machines-based system is adopted for documenting and storing these unique features of each individual. In verification, the request for a transaction is assessed by enrolment. It would either except for reject the request based on input provided.

The verification process is vital in the entire Biometric authentication activity. A decision in the verification process is vital if either it accepts a false claim or rejects valid claims.

How to Measure Biometric Accuracy?

Accuracy of Biometric depends on multiple test series. These series are as follows:

· Technology Evaluation: It assesses the accuracy of the matching algorithm

· Scenario Evaluation: Evaluation in a mock environment

· Operational Evaluation: It indicates onsite live testing of the gadget.

After successful completion of all text, users would have access to a high-precision device with a low failure rate.

Future of Biometric Technology

Biometrics are rapidly becoming a part of day-to-day e-authentication processes. Integration of the device with mobile devices helps the consumer to interact with its features on a daily basis. The future of biometric trends lies in banking service, marketing research, and medicine. It would also become an integral part of industries that demands personal identification. Plastic cards would soon start to disappear after biometric systems take over the market. The future biometric would be simpler than what it is today.

Factors Causing the Biometric System to Fail

Some common factors are hardware or computer failure. However, biometric failure can also be caused by poor biometric samples. Other factors include evasion, user confusion, inadequate or excessive lighting, subject handicaps, or dirty sensor.

Budget-Friendly and High-Quality Biometric Devices Available in IGR Maharashtra

SecuGen Hamster Pro 20 is a fingerprint scanner that comes with FAB 20 technology. It is primarily used in Jeevan Pramaan, AADHAAR authentication, CSC, AEPS, with smart capture and auto-on feature.

SecuGen Hamster is an FBI certified fingerprint scanner. It is the best available biometric devices in IGR Maharashtra comes in an ultra-compact size.

It is featured with the most durable and water-resistant optical sensor technology. Hamster Pro is primarily used by the Central and State Government of India for authentication and identification. It helps in storing fingerprints as a digital password that cannot be forgotten or stolen.

Hamster Pro is purchased from a radium box for a reasonable price. Radium Box ensures fast and quick delivery of the product. It can be delivered to any location situated in IGR Maharashtra.

Hamster Pro comes with rugged and advanced sensors patented by SEIT fingerprint biometric technology. It facilitates several functions such as online payment with an EMI facility. Auto on features detects fingerprint as soon as it is placed on the sensor.

Hamster Pro comes offers is USB supported fingerprint scanner certified with FIPS 201 and Mobile ID FAP requirements.

It can be sued for GST project, AADHAAR Authentication, Jeevan Pramaan, digital signatures. It is also used for BSNL, Airtel, and Jio authentication purposes.

It comes with advanced U20 sensors that detect fake fingerprints for robust security.

Benefits of SecuGen Fingerprint Readers

· It can be installed with any Windows PC. It comes in multiple warranty duration ranging between one to three years. Using proven and reliable technology, it is easily connected with mobile, desktop, network and internet environments.

· It eliminates the hassle of password overload, thereby reducing the risk of security breaches.

· Fingerprint once recorded, cannot be lost, stolen, or forgotten.

Best Seller of Fingerprint Scanner in IGR Maharashtra

Radium Box is an authenticated partner and distributor of SecuGen Hamster Pro 20. Devices can be purchased for a highly competitive price range. The payment amount may vary depending on additional services availed from the website. A single unit of Hamster Pro 20 is priced between Rs. 2779 to Rs. 4305 owing to additional service.

Registration of SecuGen Scanner

Hamster Pro 20 is certified for an AADHAAR authentication process. Registered device (RD) service of the device can be done through Radium Box official website for a small additional cost. Tap/Click Here to apply for RD service from Radium Box.

It comes with Pre-Installed Drivers that enable the device to be instantly connected with any desktop or Android.

Drivers can be downloaded from Radium Box’s official Website by Tapping/Clicking Here.

#Futronic Biometric Scanner #rd service registration #morpho rd service registration #rd service Mantra #Online Biometric Device #fingerprint biometric machine #startek biometric device #fingerprint scanner device.#Biometrics Fingerprint Scanner #secugen fingerprint scanner #secugen rd service #mobile fingerprint scanner #fingerprint scanner #Mantra MFS 100 #finger machine #biometric fingerprint #aadhar scanner

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inventivaindia · 5 years ago

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Airtel Payments Bank rolls out Aadhaar-enabled payment system

Airtel Payments Bank said on Thursday that it has launched the Aadhaar enabled payment system (AePS), which will help people to do transactions at over 2,50,000 of its banking points across India.

The system will enable customers, having Aadhaar-linked accounts of any bank, to do transactions at the designated points of the Airtel Payments Bank, the company said in a statement.

It allows…

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mosworldbusiness · 6 years ago

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What Types Of Franchise Business Opportunities Are Available

Owning your own business and being your own boss is the dream of millions of people worldwide, but it can be difficult to know where and how to start. Among the countless options available to you, there is one that offers greater stability and support than most. This option involves buying a franchise. Franchising is a relatively flexible method, and just about any type of business can be franchised. There are many types of franchises, that can be categorized according to different factors, like investment level, franchiser's strategy, operations, marketing and relationship models, etc.

There are several franchise types available, so before you jump head-first into the sea of franchising opportunities, have a look which types of franchise business opportunities are available.

Start Travel Agency

If you’re someone who loves travel, loves the planning process, and enjoys helping others have great experiences, you may have considered starting a travel agency. The travel agency franchise offered to any existing travel agency business, people looking to start their own small travel agent business, also those who want to start a side business as an online travel agent – it can be started from a small office or home. Travel Agency includes rail, air, bus, hotel, tour packages & more.

Money Transfer Business

The online money transfer business or the money transfer agency provides huge earning potential in terms of commissions earned on domestic as well as international money transfer. The money transfer agents are linked to the most trusted bank through which they can send money across any bank in India and abroad. The money transfer business can be started with very minimum investment and basic formalities. It has become a very lucrative business for most individuals desirous of starting a business of their own.

AEPS Banking Service

It is an AEPS based payment solution, which interfaces with the AEPS of NPCI and supports transactions from one Aadhaar linked the account to another routed through Aadhaar Enabled Device. The service can be started easily with very fewer formalities from your existing shop or home. It helps you to perform various financial transactions for your customers, thereby giving you an opportunity to earn handsome commissions.

Become Mobile Recharge Agent

Due to the vast customer base and daily activation of mobile operators, it has resulted in a huge market for recharge industry. Start Mobile Recharge Business with a company which is linked to all the major cellular service providers offering best of recharge plans & commission structure. This business of recharges is not restricted to Mobile Operators but to all DTH giants like TATA Sky, BIG TV, DISH TV, Videocon D2H, SUN Direct DTH, and Airtel DTH. People can also pay their utility bills, credit cards, travel ticket booking and can do money remittance.

Online franchise business in India

In the last couple of years, online Franchise Business Opportunity has increased in India thanks to the growing penetration of internet in India, especially the urban areas. Yet another factor in favor of this phenomenon is that with an online business it can be done from any place and at any time as per the convenience of the owner. Online Business Opportunity for women in India is highly preferred by independent-minded and educated women who are looking to earn and contribute to their family or improve their lifestyles.

#Franchise Business Opportunity #online business opportunity

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buyfreecoupons · 6 years ago

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Best Refer and Earn Apps For Earn Money Online (January 2019)

Nowadays it is very important to get rid of anything so that people can know about it. On this basis, new companies promote their products and running many refer and earn program in India. In which you can participate and earn money online. Through all these refer and earn apps you can get a lot of cash and free recharge. Today I will tell you about some of the best apps that provide referral rewards and huge cashback.

How Refer and Earn Program Works?

This process is very simple, in which you have to download any of the below-mentioned apps and take part in their refer and earn programs, after that, through the referral link of that app, invite your friends and earn more money. One more thing you should note that when your referred friends using your link to complete sign-up process then you will be eligible to get some reward.

Best Online Apps Of Refer and Earn

Bhim App- Earn Rs.25 in Bank account for each referral. avail this offer

MotanAd App- Earn Rs.20 Paytm cash. invite link. avail this offer

PayPal India- Earn $5 for each reference. invite link

Google Tez App- Refer & Earn Rs.51. get invite code

Vidmate App- Win Upto Rs.1000 Free Paytm Cash. get referral code

Wynk Music- Refer 4 Friends to Get Rs.50. avail this offer

Chillr App Referral Code- Earn Rs.75 in Bank. visit the link

CreditMantri Refer & Earn- Rs.100 Paytm Cash. invite link

OneAd App- Refer and Earn Money upto 10 levels. invite link

PhonePe Upi App- Earn Rs.150 (First Time Only) visit referral link

Fassos Invite and Earn Offer- Earn Rs.100 Credits. visit the invite page

Google Duo App- Earn Free Tez Scratch Card. referral link here

NesDog App- Make Unlimited Paytm Cash via Refer. click to get full details

Kotak 811- Get Rs.250 BMS Voucher for Each Referral. visit the invite page

OYO Rooms- Earn Rs 200 Paytm cash on Each Invite. get invite code

Zingo Refer and Earn- Get 50% Cashback on Paytm wallet. click here full details

Mcent Online Referral Program- Add Point via Refer and Earn. get invite link

4Fun Invite and Earn Offer- Get Rs.7 Free Paytm Cash. visit the invite page

Fisdom App- Earn Rs.200 Paytm Cash for Free. click here for full details

MagicPin- Earn Rs.150 Per Refer+Rs.100 on Each SignUp. visit the invite page

Bhim App- Refer and Earn Rs.25 in Bank Account

We all know about Bhim app, nowadays this app is giving Rs.25 on each signup and 10 Rs free for every Successful referral.

First Download Bhim app here.

Install and Create a New Account.

Now Send money or use Scan & Pay to make your first UPI transaction.

After that, use your Referral Code to complete the transaction.

Bingo! You and your friend will get Rs.25 in Bhim wallet.

MotanAd App Refer & Earn Rs.20 For Each Referral

This is the latest Android app, many people don't know about MotanAd app. This app also running a referral program and giving Rs.3 on completing the signup process and Rs.20 for each successful referral.

Download MotanAd app here.

On the HomePage, Click on the Menu tab.

Select Invite Friends option and copy your referral link.

Now use this link to invite your friends or family members.

Once your invited member uses your link to download the MotanAd app then you will get a referral reward.

PayPal India App- Earn $5 For Each Refer

We all know PayPal is a payment gateway but now it also available in the android app. Nowadays PayPal app is running a program in India where you can earn money online by participating in refer and earn program.

First Download PayPal Android app.

Install and Open the app.

On the HomePage, click on "Refer & Earn" option.

Now fill all the necessary details and get your unique code.

Now invite your friends using your referral link.

After that, you will get $5 when your friend successfully signs up on PayPal using your referral link.

Google Tez App invite and earn offer- Send Rs.1 & Get Rs.51

This New year 2019 Tez app again giving many rewards to New user. Yes, you can avail Rs 51 in new tez account and Rs 51 again for each successful invite.

Download The Google Pay Tez app here. (Recommended)

Open the app and fill a small tez (pay) registration form.

You need to fill "buyfreecoupon@okicici" in the referral code section.

Now link Tez account with Bank account.

After successfully bank account linking, make you're first ever transaction or send Rs.1 to UPI id "buyfreecoupon@okicici"

Done! Rs 51 will be added to your bank account.

You can use your referral link to invite your friends and earn up to Rs.9000

Vidmate App- Refer and Earn 1000 Rs Free Paytm Cash

Vidmate is the best app to earn money online. This app gives free paytm cash and many rewards for sharing. This app is offering 100% genuine rewards and you may win Laptops, Mobile and Paytm vouchers.

Firstly Download the Vidmate app here

Now Download the app and install it.

After that Go to the app dashboard and click on IMEI tab.

After that, you will see a banner "100% win up to Rs. 50 Lacks"

Click on it and you will see the share option.

Now share it on Facebook or Whats app.

Wyn Music App- Refer 4 Friends to Get Rs.50 in Airtel Wallet

Wynk Music is an app where you can play music online anywhere. You can also use this app to make money, just participate in wynk refer and earn program and get Rs 50 in Airtel wallet.

Download Wynk Music app here

Install and open the app

Complete the registration process by filling up the small sign up form.

Now go to the homepage >> see my account >> and earn

Then copy your reference code and share it.

You will get 10 rupees for every successful referral.

Earn more (up to Rs.50) by inviting more 5 friends.

Chillar App- Refer and Earn 75 Rs in Bank Account

Chillar app is best for unlimited cash. You can avail this big loot through Refer and Earn offer. Invite your friend on chillar app and earn Rs 100 per referral in the bank account.

Download the Chillar app here.

Find your referral code.

Now use this code to invite your friends.

Once your friend's signup using your link and do his first transaction then you will get 75 Rs real cash in your bank account.

CreditMantri Refer and Earn Rs.100 Paytm Cash

CreditMantri is an app or website of credit analysis. You can also use it to applying any type of loan like Home Loan, Personal loan, etc. This app is offering 100 Rs Paytm Cash on referring 3 friends on CreditMantri.com

Download the CreditMantri app here

Make a New Account by entering invite code "DHLF9264GA"

Now enter your mobile number to complete the signup process.

You will get otp for verification, just fill it correctly.

At last, enter your pan card number, email id and click on the Submit button.

Now you are eligible to earn 100 Rs paytm cash, invite at least 3 friends to get this reward.

OneAd App: Refer and Earn Money Upto 10 levels

Onead app is 100% working app, where you can earn up to Rs.2.5 Lakh. You can earn with this app by downloading, by watching ads or increase your earning by referring friends.

Download the Onead app here.

Now click on 'Install' button.

After Successfully installation, you will see a Signup form on your android screen.

Now enter your Name, Password, D.O.B, and Mobile Number etc.

After selecting Gender, Enter Referral Code 89VBQJ72.

Verify the OTP process by entering a mobile number.

All Done! Your Onead wallet account is activated now and also you will get Rs3. as a Signup reward.

PhonePe Upi App- Earn Rs.150 (First Time Only)

PhonePe app as the best app for UPI transaction. You can easily use this app for making and receive payment. Past few years PhonePe is giving huge referral amount. Now again it is giving Rs 150 cash back on a new account.

Download the PhonePe app here

Install and Open it.

Select Invite n Earn tab.

Now you'll get your referral code.

Now share it with your friends or family.

When your friends send money or complete first transaction using phonepe app then he/she will get 50% cash back and you'll get Rs.50 cashback.

Fassos App- Earn 100 Rs Credit For Each Refer

Fassos is one of the apps which provided food service at your doorstep like swiggy and zomato. Now, this app is giving 100 Rs credits for each successful referral. You can earn more by inviting new friends on Fassos app.

Download the Faasos app from here

Install the app and Enter your mobile number.

Now Sign in your account through otp.

After successful sign in entering your full name and email id.

Enter Referral code to earn 225 rs credits.

Google Duo App- Invite and Earn Free Tez Scratch Card

Google Duo app helps you to make voice and video calls to another duo app user. This time we are sharing referral offer where you can win free tez scratch card by inviting friends.

Download the Google Duo app from here.

Open the app after complete installation.

Now Enter your mobile number to receive OTP.

Now Enter otp to verify your android device.

Then make your first call to another duo app user.

Bingo! You have got free tez scratch card.

Now Invite more friends using Invite Friends option and win more tez scratch card.

NewsDog App- Get Free Paytm Cash via Refer and Earn

NewsDog is online news app which can be used for getting the latest news. By using this referral scheme, you can avail free paytm cash and redeem through Scan QR code payment. Just Open this app daily and read daily news for making some extra point. You will get 25 points per news.

Firstly, Download the Newsdog App here.

Now Install and open it.

Now Select Hindi/English language.

Then click on Profile section and select facebook for new Sign up.

All Done! You will receive Rs 50 Paytm cash.

Kotak 811 App- Earn Rs.250 BMS Voucher For Each Referral

Kotak 811 app is Online banking app, now you can open your bank account without going anywhere. This app is giving 250 Rs Free BMS voucher for each referral.

Download the Kotak 811 Mobile Banking app here.

Install and Open a New Saving Account.

Now Enter Necessary details like Pan Card, Aadhaar number, etc.

Now Add Money in your Kotak bank account.

Done! Invite more friends and get Rs 250 BMS Voucher for each referral.

Oyo Room App- Earn Rs.200 Paytm Cash on Successful Invite

You all know that the Oo Room App is about to be used but this app can be used to earn money in addition to hotel room bookings. Yes, this app is paying 200 rupees for free by referring to the Oyo app to your friends.

1. Download the Oyo app here and Signup using Oyo referral code. 2. Now you will get free OYO money in your account.

3. Now go to >> app home screen >>Type >>Location where you want to book your room.

After that, you’ll see all list of OYO room in that location.

Now select a room where you want to stay.

4. Now select the number of guests. 5. After all that you can use your OYO money to book room. 6. All done! Now you have booked the free Hotel room.

Zingo Refer and Earn 50% Cashback on Paytm Wallet

Hello friends, if you tried all refer and earn apps then you should try Zingoy app because this app is offering 25 cashback on purchase of Amazon Gift Card and On every sign-up, new user will get 50 rupees on zingoy wallet.

Download the Zingoy App from here.

Open the app and Select 'Refer Now' Option.

Now copy referral code of Zingoy.

After using this code to invite your friends.

Enjoy, Get Free 50 Rs Cashback on each referral.

Mcent App: Add Point via Refer and Earn

Mcent is one of best online recharge app and this year mcent app is running many promotional offers. Follow below steps to grab one of them

Download the Mcent App here.

Now Enter mcent referral code and a prepaid mobile number.

Click on Submit button and 4 digit OTP number will be sent to your mobile number.

Now verify it correctly and login to your account.

Enjoy your referral benefits.

4Fun Invite and Earn Rs.7 Free Paytm Cash

4Fun has latest refer and earn offer where you can participate and earn Rs.50 on first sign-up and also Rs.7 paytm cash for each invite.

Download the 4Fun app here.

Now Open the app and Click on "Login with Phone"

Enter 10 digit mobile number and verify your number with OTP.

Now go to Under Profile Option and Click on "Join Reward Plan" option.

Then you need to enter your paytm registered mobile number to cash in paytm account.

Instantly referral amount will be credit in your paytm wallet.

Fisdom App- Earn Rs.200 Paytm Cash For Free

The Fisdem App is known as the Mutual Fund Investment App and it is working in the whole of India. You can take advantage of several referral schemes by investing money in i. This time, this app is giving Patiala cash of Rs 200 for free, which you can grab this cash by following the steps given below.

Download the Fisdom app here.

On HomePage, Click on "how can I invest".

Now Go to Menu >> Registration.

Now fill a Sign-up form and get Rs.200 free paytm cash.

After Go to Promotional > Enter Unique Refer code.

Additional 100 Rs Paytm free cash is credited to your fisdom wallet.

MaginPin- Earn Rs.150 Per Refer+Rs.100 on Each SignUp

MagicPin app is giving Rs.100 on each signUp and 25 Rs instant cashback when your friend join magicpin app using your referral link. Best thing in this app that old and new users also can earn money by inviting people.

Download the MaicPin app here.

Install and Open the app.

Complete the otp process by entering a mobile number.

Now Go to app homepage and select "Refer & Earn" tab.

Then Enter a Referral code to get Rs.100 for free.

All Done! Now invite friends using own to refer link to get Rs.150 per successful refer.

How to Invite Friends

First Open the App, Select the 'Refer & Earn' option.

Now Copy your referral code/link and share it with your family or friends.

Once your friend's complete sign-up process using your referral link/code then you will get your referral reward.

First time per user can avail sign-up bonus.

I have posted all refer and earn apps which can be use for make money online, if you know about other apps then comment below.

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appinsta · 6 years ago

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Edward Snowden on Aadhaar privacy: The system is already going bad

“You’ll be tracked, you’ll be monitored, you’ll be recorded in a hundred different ways and not by UIDAI, but by the Aadhaar number they created that is being used by every other company and every other group in society,” Edward Snowden said during the ‘Talk Journalism’ event held in Jaipur last weekend. A video of Snowden’s live stage interview via Google Hangouts was published on YouTube recently. The said video has also been shared by many through a Google Drive link on Twitter. The ex-CIA employee responsible for exposing multiple global surveillance programmes run by the National Security Agency (NSA) in the US, was speaking his mind on digital privacy and India’s Aadhaar initiative which has been mired by various controversies since its weak data security protocols were exposed multiple times. According to Snowden, Aadhaar should only be used solely for the purpose of social benefit and not be required for any other service. Snowden called for criminal penalties on companies that ask for a person’s Aadhaar number for a service that the Govt is not paying for. “The biggest crime behind this system is that it’s being used for things that are unrelated to what the Govt is paying for. If you want to open an account, buy a train ticket, more and more of these services are demanding an Aadhaar number. Not just the number, they are demanding that you show them the physical card. This is creating a systemisation of society, of the public and this was not the intention of the programme,” Snowden said. He continued to talk about how telecommunications companies in India misuse Aadhaar information for their own selfish purposes and to keep tabs on users. Snowden was obviously hinting at how Airtel misused Aadhaar information of its users to add new customers to its Payments Bank service without their explicit informed consent. Snowden also addressed the recent Aadhaar controversy where Google admitted to pushing UIDAI’s helpline number to all Android phones. Questioning how the UIDAI phone number landed on all Android phones in the country, Snowden said, “They (Google) have an extraordinary amount of market share. Everyone in India is using an Android phone, unless they are rich enough to afford an iPhone. When you have that kind of position, it’s very difficult to make a change that affects the phone of everybody i the country and yet somehow, they managed to push this phone number to everybody.” According to Snowden, UIDAI should make people aware of how Aadhaar can be misused instead of transferring the blame on Google and pretending not to have any knowledge of the fact. “The number 1 thing they always say in the public is that their data is safe, their biometrics are secure. The idea isn’t that you can go on the internet and access anyone’s Aadhaar information directly, it’s that it is being leaked,” he said referring to how claims like these led to TRAI Chairman RS Sharma’s data getting exposed after he shared his Aadhaar number on social media as a challenge to hackers. Snowden concluded his comments on Aadhaar by saying that the system in already going bad and that privacy of Indians (digital or otherwise) is not adequately protected. from Latest Technology News https://ift.tt/2MwRRnd from Blogger https://ift.tt/2PpraiT https://ift.tt/2PourPh

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payment-providers · 5 years ago

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New Post has been published on Payment-Providers.com

New Post has been published on https://payment-providers.com/airtel-payments-bank-rolls-out-aadhaar-enabled-payment-system/

Airtel Payments Bank rolls out Aadhaar-enabled payment system

Airtel Payments Bank has launched the Aadhaar enabled payment system (AePS), to help people perform transactions at over 250,000 of its banking points across India.

It allows customers to carry out transactions by using their Aadhaar number or virtual ID to access their bank accounts. The AePS is a bank-led model that allows online interoperable financial transactions at a point of sale (PoS) through business correspondent of any bank using the Aadhaar authentication.

The AePS allows six types of transactions, including deposit and withdrawal. Earlier, in June 2019, Airtel Payments Bank has enabled open loop BHIM UPI-based payments at over 500,000 merchant points across India, allowing consumers to make digital payments for goods and services by using any BHIM UPI-enabled bank or payments app over their mobile phones.

Airtel Payments Bank’s payments solution for merchants allows consumers to make instant cashless payments from their mobile phones, directly through their savings bank accounts by just scanning a merchant QR code through their preferred BHIM UPI-enabled app.

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loansinghfinanceblogme-blog · 6 years ago

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The digital payments scene in India is fiercely contested by a number of participants. Recently, one of India’s popular digital payments company – Paytm, wrote to the National Payments Corporate of India (NPCI), who govern digital payments regulations in our country, about Google Pay’s privacy policy.

Paytm wrote that “We would like to highlight a very important fact that Google Pay, which is an unregulated payments platform, has the scope of using their customers’ data for their monetary gains with complete disregard of the user’s need for privacy. The critical payments data collected by them is being processed and stored outside of India, which can have severe security implications in case of a data breach as their policy states that this data is also being disclosed with advertisers and third-parties”. Courtesy – Business Today, dated Sept 13.

Click here, to understand all about a personal loan in India

Paytm accused Google Pay of sharing their customer data with different affiliate companies for monetary gain. Various third party users also use the customer data to send out advertisements and hence misuse the information of trusted customers for monetary advantages. This is not the first time that Paytm has cried foul towards overseas companies violating customer data and privacy. Prior to this, Paytm had stated that, WhatsApp was killing United Payments Interface (UPI) by creating a walled garden.

The central government is still in the process of preparing a personal data protection bill which will mandate the storage of customer data related to digital payment companies in India. The draft regulations, issued in 2018 recommended that customer’s personal data originated within India cannot be stored outside of India. Google’s response to this was that it made use of a common Google account for managing all Google products. This allows the customer to manage or check on risk, spam, and fraud. Google clarified that it did not make use of any individual UPI transactions for monetization purposes (as per Google statement).

Since then, Google got its privacy policy tweaked. They have dropped the word ‘disclosure’ from its privacy clause.

Digital India 2.0

Through enhanced connectivity, widespread social media usage and internet outreach, we have gotten ourselves to think more about data protection in India. India, has also become a lucrative market for overseas companies to cash in on customer data. The following couple of years will get us more clarity on the regulations and its implementation.

Digital payments companies such as PhonePe, MobiKwik and Paytm have already backed the RBI’s decision to supervise the access of data stored with system providers. Till August 2018, close to 92 million customers transacted on Paytm through both their offline and online interface. G Pay, meanwhile has already recorded close to 22 million transactions up until now. India’s e-payments market pie is estimated to grow to close to 1 trillion dollars by 2023 (as per Credit Suisse). Close to 100 players in India (including 60 non-banking) have crowded the e-payments ecosystem.

But then, why does Loan Singh have to care about all this? Our customers are salaried millennials. Millennials have found digital wallets to make digital payments to be extremely convenient. A digital wallet is likened to a traditional leather wallet. It is a safer and convenient way to safeguard your money and cards. It stores your personal and financial information in a digitized form. It is an electronic platform that allows individuals to make electronic transactions. Digital wallets allow us to perform offline, as well as online, transactions to merchants who are registered with a digital wallet service provider.

We have seen these same salaried millennials struggle in getting fresh credit through traditional banks. Most of them are rejected a first time loan due to no prior credit history. This happens because banks do not find such individuals trustworthy or simply creditworthy. Loan Singh is ready to take that risk. Loan Singh is a digital lending platform that lets first-time salaried individuals apply for fresh credit even with no credit score. But to mitigate the risks of default, Loan Singh needs the latest 6 months’ bank statement, PAN card and Aadhaar card of the applicant.

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Digital Wallet Payments

The working of a digital wallet is different from that of other card payments. A digital wallet makes use of a Near Field Communication (NFC) controller and antennae to enable mobile devices to send out account information to devices at payment counters. A secure smart card chip on the phone stores and allows access to the account information. All this can be executed via the installed digital wallet application on your smartphone. The communication is not restricted to NFC, but can also be done via web links, QR Code, SMS or even social media.

During the payment process, the shopper is authenticated. Then the shopper has access to the full features present on the digital wallet account. Merchants have to strongly consider their customer base while setting-up a digital wallet service because not everyone will be intending to make payments via digital wallets. In the world of digital wallets, there is not much difference between customers or merchants. It is just an accounting ledger convention wherein the payment from a customer to a merchant is just a database update (as all the money is flowing in the wallet itself). The working of a digital wallet is only effective if the API integration, for merchants, is done properly.

It requires effective security and permissions to access your information

The wallet can be used to purchase products online or offline

A password, QR code, an image or some authentication code is used for security

The digital wallet is linked to your bank account

Digital wallets allow currency conversions

Shoppers can also create an unverified digital wallet at the time of payment

It can also be used for authentication. For example: to verify the age while purchasing alcohol

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Digital Wallet Benefits

The biggest advantage for customers is convenience – no need to carry cards or cash

Makes purchases easy with a ‘tap-to-pay’ approach

Enables automatic redemption of offers

Allows for enhanced security during transactions due to encryption

Faster processing of payments

Digital Wallets in India

You can get in-depth information regarding digital wallets online, but we have put up a brief listing of digital wallets being used in India. They are not listed in any particular order.

Airtel Money

Using this app allows users to easily recharge their Airtel prepaid account or pay their postpaid bills. This wallet can also be used to shop online if your wallet has cash loaded in it. Airtel Money is extremely safe and each transaction or payment can only be authorized via a secret 4-digit mPin.

Citrus Pay

One of the top digital wallets in India, the Citrus Pay wallet offers its customers’ payments options towards businesses. It is reported to have tied up with more than 12000 merchants with more than 12 million transactions a month.

Freecharge

Ask any young millennial and Freecharge is surely one of the apps installed on their smartphone. Freecharge provides an equivalent amount of coupons for every recharge made. This surely goes a long way in saving the amount spent on bills online. A reported 22 million plus users use Freecharge as a mobile payment solution. Freecharge also allows the user to donate money to a registered NGO. Its common e-wallet features include adding money using a credit card, debit card or net banking and instant payments. They also provide discounts to users on transactions.

ICICI Pockets

The ICICI Pockets e-wallet allows its users to connect to their respective bank account for mobile transactions. You can send/receive money, book tickets, recharge online, pay for online shopping and share gifts with friends. It is a fast, convenient and secure e-wallet for mobile transactions. Funds can also be transferred to email ID contacts or WhatsApp contacts.

Oxigen

Oxigen is a Fintech company founded in 2004 and is one of the major providers of digital payment in India. The Oxigen wallet is used for making purchases online and paying bills. Oxigen is considered to be a safe and secure digital wallet which asks a user to input a 6 digit OTP that is sent to the registered mobile number. It covers almost all major banks in India. It provides both online and offline modes. The offline mode allows payment to be made at physical stores such as CCD, Croma, BigBazaar, etc. Oxigen has also tied up with Goibibo, Indiatimes, KFC, eBay, Jabong, Justdial, etc.

Citi MasterPass

Another free digital wallet on the list, Citi MasterPass helps you move through an online shopping checkout process quicker.

Mobikwik

Mobikwik e-wallet payments system helps users to store money. They are used to recharge your phone, getting discounts on deals, pay bills, load money using a credit card, debit card, and net-banking; door-to-door cash collection and making third-party purchases.

Mobikwik has tied-up with close to 225000 merchants and has around 45 million customers.

HDFC PayZapp

HDFC PayZapp allows digital payments via one click. You can also compare hotel bookings and flight ticket pricings. You can even buy music and pay your bills via the PayZapp. All you need to do is connect your debit/credit card to the app.

Paytm

Launched in 2010, Paytm is currently the largest mobile wallet app in India. It allows payment of mobile bills, buying movie tickets, shopping online; transferring money directly to your bank or someone else’s bank account and paying for your Uber journey (with cash back).

Paytm is adopted by SME vendors, rickshaw drivers, and shopkeepers. Such is its reach. Paytm has also tied-up with brands such as LG, Nike, Onida, Sony, Lenovo, Panasonic, and more.

Vodafone MPesa

MPesa allows a secure, fast and convenient medium for making mobile transactions. It is a subsidiary of Vodafone M-Pesa Limited jointly operated with ICICI Bank. The wallet allows redemption or cash withdrawal for its users.

JioMoney

Sweeping the nation since 2016, Jio’s digital payment app – JioMoney, offers easy, fast and secure transactions. The app offers great discount and offers to its users. With more than 162 million reported subscribers, Jio provides the largest internet service in India. JioMoney can be used to make recharges online, book tickets online, transfer and receive money; and also pay for your cabs. It also offers massive discounts and deals on making the first transaction.

Chillr

Chillr has tied up with close to 55 banks across India. It easily allows management of multiple accounts from one digital wallet. You can make payments for recharging your mobile, book movie tickets online, receive and send money and also avail discounts on transactions.

State Bank Buddy

A product of State Bank of India, ‘Buddy’ is an online wallet that is available in 13 languages. Non-SBI account holders can also send money via Facebook to other bank accounts. It can also be used to book movie tickets and hotel reservations. The cash to wallet can be loaded using a credit card, debit card or net banking. You can also set reminders for due payments.

PayUMoney

A product of PayU India, PayUMoney is a payment gateway that allows merchants to collect payments from customers. The mode of payment can be credit cards, debit cards or via net banking. They also offer email invoicing and SMS notifications. It is a safe and secure platform and used across India by e-commerce websites.

PayUMoney is also introduced as a mobile wallet service. The wallet allows its users to perform online transactions. It also offers reward points for every transaction. It also provides a PayUMoney Buyer Protection which ensures the product reaches your designated address.

Juspay

Juspay Safe is a payment browser that allows users to make online payments fast with just 2 clicks.

LIME

Launched by Axis Bank in 2015, LIME was one of the first smartphone apps in India that integrated shopping, payments, integrated wallet, and banking. It also allows users to invest in a deposit and share your wallet.

Ola Money

Launched in 2015, Ola Money is a digital wallet offered by Ola. They are not just used towards making payments for Ola cab rides; you can also use them for purchasing groceries and booking flight tickets.

PayPOS

Launched in 2012, PayPOS is an app that allows small business owners to receive payments easily via debit cards or credit cards. They are also capable of processing electronic transactions.

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About Loan Singh

Loan Singh is a digital lending platform that prides in providing online personal loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs.50,000 and Rs.5,00,000 taken for purposes such as:

Home improvement loan/Home renovation loan

Marriage loan/ Wedding loan

Medical loan

Used vehicle loan

Consumer durable loan

Vacation loan

Debt consolidation loan

Credit card refinancing loan

Job relocation loan

Travel loan

Festival loan

Gold jewelry loan

Shopping loan

Lifestyle loan

You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement, PAN, and Aadhaar for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd and is a partner to the Airtel Online Store.

Loan Singh’s Online Presence

Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. You can find us on Loan Singh Facebook, Loan Singh Twitter,Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Review, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Storify, Loan Singh Digg and Loan Singh Blogger.

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