E MAILS SENT TO NDA MINISTERS / SECRETARIES :
{ http://myblogepage.blogspot.com/2016/12/do-not-stop-here.html
}
{ http://myblogepage.blogspot.com/2016/11/rip-credit-card.html }
{ http://myblogepage.blogspot.com/2016/12/conspiracy-of-
cards.html }
{ http://myblogepage.blogspot.com/2016/12/from-upi-to-uti.html }
{ http://myblogepage.blogspot.com/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 :
DigitalProvident Fund ; An Unparallel Opportunity
{ http://myblogepage.blogspot.com/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
-----------------------------------------------------------------------------------------
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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