Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Saturday, 17 December 2016

Steps in the Right Direction



E MAILS SENT TO NDA MINISTERS / SECRETARIES :



{ http://myblogepage.blogspot.in/2016/12/do-not-stop-here.html }



{ http://myblogepage.blogspot.in/2016/11/rip-credit-card.html }



{ http://myblogepage.blogspot.in/2016/12/conspiracy-of-
   cards.html  }



{ http://myblogepage.blogspot.in/2016/12/from-upi-to-uti.html  }



{ http://myblogepage.blogspot.in/2016/12/reincarnation-
    of-smart-phone-with-saral.html }

-----------------------------------------------------------------------------------------

If following news reports are any indication , it will be a matter of only a FEW WEEKS , before the Government launches a UPI / AEPS based , Mobile Wallet App , that enables completion of a DIGITAL  PAYMENT  TRANSACTION , suggested in my above listed emails, as follows :


PROCESS TO BE USED :

*  Both , the BUYER and the SELLER , " JUST PEER " into the camera of a Smart phone (
   kept on sale counter ) , to identify themselves biometrically and linking with their
   respective bank accounts


*  Seller " SPEAKS OUT " , into the phone , the PAYMENT AMOUNT for the purchase


*  Buyer " SPEAKS OUT " into the phone , the PAYMENT INSTRUCTIONS


*  Payment Amount gets transferred , from the BUYER's Bank Account to the SELLER's bank
   account ( with confirmation messages flashing on the counter based mobile )


All the " speaking " ( asking for payment / giving payment instructions ) can be in any Indian Language ( in course of time biometrics of Voice Recognition , to be added )


ADVANTAGE  :


This SIMPLE , 3 STEP process , which requires nothing more than the EYEs and VOICEs of the Buyer and the Seller , is the ONLY WAY , our country can become a LESS CASH economy within 6 months , by getting rid of all other complicated methods !


REMEMBER ! NO ONE WILL NEED TO BE " TRAINED " FOR MAKING A DIGITAL PAYMENT !



TECHNOLOGIES TO BE USED :

Google Action / Google Translate / Google Talk / UPI / AEPS



MOTIVATION TO BE USED : 

10 % of tax ( GST in future ) to be automatically transferred to BUYER's DPF ( Digital Provident Fund ) account ( see my email :

Digital Provident Fund ; An Unparallel Opportunity 

{ http://myblogepage.blogspot.in/2016/12/digital-provident-fund-unparalleled.html }



BY-PRODUCT :

GST ( or VAT ) will be transferred to appropriate Government , immediately / automatically

Records of ALL digital transactions will become available to IT / ED / Finance Ministry

800 Million citizens will get a " Old Age Social Security " , without depending upon Govt  

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YOUR THUMB COULD BE YOUR TICKET TO FLY

( Source : Times of India / 17 Dec 2016 )

" Your thumb could soon be all the documentation required to enter an airport. And once the government is able to achieve this the second phase could see you flashing your thumb to board the aircraft, at least for domestic flights.

While it may sound as science fiction, the aviation ministry has already started work on the first part and Hyderabad airport has successfully completed a pilot project on using biometric identification for allowing entry into the terminal there.

"Over a billion (100 crore) Aadhar cards have been issued so far. At the time of issuing these cards, biometrics, fingerprints and iris scans, are taken and fed into a national digital registry. Presently, air travelers have to show their air ticket and a valid identity card to enter airports.

We are examining the technical feasibility of asking people to give their Aadhar card numbers at the time of booking tickets. At airports, they can press their thumb for biometric identification; enter terminals and board domestic flights ( for international passports will be needed )," said a senior aviation ministry official.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ACCELERATING DIGITAL PAYMENTS

Ravi Shankar Prasad to Push for Transactions Via Aadhaar Cards

( Eco Times / 17 Dec 2016 )

Further accelerating efforts towards digital payments, Union minister for electronics and IT Ravi Shankar Prasad said that transactions through the Aadhaar card will be promoted...

“ Of the total 112 crore bank accounts, around 40 crore are already linked to Aadhaar card,“ he said. Prasad added that Aadhaar-based payments can be an all-pervasive way of digital transactions since it doesn't require everyone to have a smartphone.

“ All people need, is to remember their Aadhaar number and authenticate themselves through their biometrics.

The merchants will not need to invest in any expensive sophisticated technology for this -all they need is a small finger print reader that can be attached to any smartphone. Currently , these devices cost anywhere between `1500/2,000, but as the volumes grow, their cost will also drop.“


A SIMPLIFIED APP FOR AADHAAR PAYMENTS IS ALSO IN THE WORKS, WHICH WILL HAVE A STANDARD INTERFACE AND IS LIKELY TO BE LAUNCHED NEXT WEEK.

ET had reported on Friday that the government plans to roll out a payment system that will allow customers to pay for fuel by simply pressing their fingers on an Aadhaar-verifying device, which would trigger the transfer of money from their bank accounts to the filling station.

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18  Dec  2016

www.hemenparekh.in / blogs




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