Visa to offer new e-payment service in India
Visa has developed a new payment solution to provide a payment infrastructure in India. Designed using the unique identification authority of India UIDAI platform, the solution is aimed at the unbanked and under-banked population. UIDAI will provide a unique 12-digit number called an Aadhaar which will be required to access banking services.
“We have successfully demonstrated our capabilities of Visa’s proposed solution to the UIDAI and are excited about this collaboration. It will allow Visa to continue delivering on its commitment to extend the various benefits of electronic payments to the unbanked and under-banked communities in the country,” said Uttam Nayak, group country manager in...
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