Pradhan Mantri Modi Launches BHIM Aadhar Payment App for Merchants
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Taking one more step ahead towards “Cashless India” meaning the people will use “Less Cash” for making payments, Pradhan Mantri Shri. Narendra Modi has launched a new Aadhar Payment App for Merchants to encourage them for “Cashless transactions.”
Here are five things you should know about the Aadhaar Pay:
1. What is BHIM-Aadhaar payment platform, or Aadhaar Pay: Aadhaar Pay is the merchant version of the Aadhaar Enabled Payment System (AEPS). It will especially benefit those who do not have debit cards, mobile wallets and mobile phones.
2. Only merchants need to have Aadhaar Pay: Aadhaar Pay is an app that needs to be carried by the merchants only. Users just need to have an Aadhaar-linked bank account and mobile phone, credit or debit cards. Merchants can download the Aadhaar Pay app to take payments online from customer’s bank account to their own account using the 12-digit unique Aadhaar number of the clients where clients can choose any of their bank accounts to do the transactions.
Each transaction will be authenticated by the fingerprint of the customer. Transactions can be made through Aadhaar-linked bank accounts (AEBA) only.
3. How to use: Merchants can download the app from play store or iTunes. After that, they can login with their Aadhaar number using the fingerprint scanner. Once the app is validated, merchants can use it to take payments.
4. Security concerns: According to the Niti Aayog, the Aadhar Pay is a highly secure app which will use two main platforms – Aadhaar Payment Bridge (APB) and Aadhaar Enabled Payment System (AEPS). APB will act as repository between the banks and the customers to provide a smooth flow of transactions, while AEPS will help in authenticating the online process.
5. Customer benefits: Customers do not need a debit card or credit card for payments through Aadhaar Pay. Also, Aadhar Pay would end the need to have an internet connection, many payment apps, or POS machines.
Aadhaar Pay would not charge Merchant Discount Rate (MDR). MDR is the charge paid by the merchants to a bank merchant for accepting digital transactions through credit or debit cards.
Ab aaya hai sabse sahi point. 
Genuine concern hai bhaai 
vajo oye jatt de lann te saare
how to refer???
Aadhaar, bank account data of over 100 million Indians may have been leaked: Report
A research report by The Centre for Internet and Society (CIS) India suggests a startling 130-135 million Aadhaar numbers and 100 million bank accounts could have been made public by 4 government portals.
http://www.moneycontrol.com/news/business/econo...
How can we trust this AADHAR schemes 
Max limit of invititations??
other wallets may suspend ur accounts in case of fraudulent avtivities but this may put an enquiry
….or even if ur genuine referral found to be black money holder, chances u may feel heat.