Naidu bats for Aadhar Pay

Naidu in Delhi with Niti Ayog’s Aravind Panagariya & Amitabh Kant

Andhra Pradesh Chief Minister Chandrababu Naidu is batting to reform the Aadhaar Enabled Payment System (AEPS) by introducing biometric machines. 

“For AEPS or Aadhar Pay, only merchant must have smartphone, we need to just add biometric system. That way the consumer doesn’t need to have a smartphone for making payments,” Naidu said after a meeting of the Chief Minister’s Committee on demonetisation today in Delhi.

Stating that digital economy was showing positive signs, the CM, who is heading the Committee, said digital transactions was the only way to overcome the cash crunch. However, Naidu emphasised that the public needs to switch over to Aadhar Pay, mobile phones, swipe machines and online banking system. 

He wants to bring all banks into the fold of Aadhar-enabled transactions. Naidu also recommend continuation of service tax exemption for digital payments beyond December 31.

The Chief Minister’s Committee was set up by the Niti Aayog on November 26. While Naidu was made convenor, the chief ministers of Maharashtra, Madhya Pradesh, Sikkim and Puducherry were made members of the committee.