Inside India's plan to substitute cash with its citizen's fingerprints

India just took its next major step in becoming a cashless society.

SEE ALSO: Inside UPI: How India is bringing mobile banking to 1.3 billion people

The government in association with IDFC Bank has launched an app called Aadhaar Pay that aims to help millions of its citizens without a smartphone to pay for their purchases digitally with just their fingerprint. 

Merchants will be able to download the app on their Android smartphones and attach a fingerprint scanner device. To make payments, buyers will only have to choose their bank name, input their unique Aadhaar number and scan their fingerprint, which acts as a password to make the payment directly from their bank account linked to their Aadhaar card.  Read more...

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