Your 12-digit Aadhaar number could soon be your single point payment address for sending and receiving money without needing to link it to a bank account, once the IndiaPost payments bank becomes operational in September, reported The Economic Times on Tuesday.
Quoting IndiaPost CEO AP Singh, the report said that Aadhaar is not a payment address by itself at present, but that will change once IndiaPost's payments bank comes online. The bank hopes to cover at least 650 districts of the country in the initial stage.
"We will bring out a solution to make Aadhaar a payment