Master Card develops payment solution for UID

Now,payment transactions using UID numbers with biometric authentication

PTI | December 8, 2010



Master Card Worldwide, a global payments company, today said it has developed a payment solution for 'Aadhaar', the Unique Identification (UID) number.

The solution will enable Aadhaar holders to perform payment transactions using UID numbers with biometric authentication, Master Card Worldwide said in a statement.

The solution is based on the Unique Identification Authority of India (UIDAI) platform and Master Card's payment network and family of brands. The solution will empower account holders to move away from cash and towards electronic transactions, it said.

Master Card is proud to collaborate with the UIDAI in enabling financial inclusion for a significant portion of the Indian population by facilitating payments, it said.

Aadhaar is a 12-digit unique identification number (UID) that captures basic demographic and biometric information of citizens, which in turn will make them establish their identity with financial institutions thereby providing them a gateway into the formal banking system.

MasterCard has developed a direct interface with Aadhaar to perform UID biometric authentication of such payment transactions.

With this solution, payment transactions will be performed using the Aadhaar authentication infrastructure and Master Card's authorisation, clearing and settlement infrastructure, it said.


 

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter