Saturday, September 3, 2011

Banks & UIDAI To Arrange 14 lakh Micro ATMs

MUMBAI: The unique identification Authority of India (UIDAI) is working with the Association of Banks in India to create a network of 14 lakh micro ATMs across the country. While banks are authorized the transaction, the authentication is UIDAI by association with its biometric database.

The UIDAI is also considering giving unbanked citizens the option to receive a prepaid payment card issued by banks that can be used to channel payments to government plans, including the National Law on Rural Employment Guarantee . "The plan is to have at least two micro-ATMs in every village, which means you have to be at least 14 lakh from them," said AP Singh, Director General, UIDAI, speaking at an International Forum Prepaid case Thursday. He said each owner UIDAI is currently the option of opening a bank account. "We intend to give them the additional option of receiving a payment card that can be used for electronic transactions," he said.



Source : Timesofindia