Page 34 - Banking Finance October 2019
P. 34

ARTICLE





          SHOWCASING



          AADHAR ENABLED




          PAYMENT SYSTEM



          AT THE BEST



          PLACE












         T        he 73 k.m. road journey from Vadodara to    wonderful attractions for visitors. Daily thousands of visitors


                                                              are savouring mystic experience of visiting the world's tallest
                  Rajpipla   has been fascinating by all means for a
                                                              statue, which is twice the height of Statue of Liberty.
                  long time. The magnificent Vijay Palace with
                  excellent support staff has always been visitor's
                  delight. Greenery all around with Posia village in  As we march into digital era which helps us lessen our hard
         midway to explore would be any trekker's dream. Rajpipla  ships, no botheration of carrying cash and provides
         has distinction of having proud Birsa Munda Tribal University.  convenience, it would be in the fitness of thing if a system is
         Now, the imposing monument, which is the world's tallest  used for making digital payment for ticket fees for huge
         statue which is called Statue of Liberty is built on an islet,  populations at the ticket counter and at the same time host
         Sadhu Bet, near the Sardar Sarovar Dam in Narmada, is  our digital mast at top of the world. The objective of Aadhar
         drawing lakhs of visitors from all over the world and India.  enabled payment System (AEPS) is to empower a bank
                                                              customer to use Aadhar to access his/her Aadhar - enabled
         It is the once in life time experience with 'Valley of Flower',  bank account and perform basic banking transactions that
         memorial, museum and an audio-visual gallery, SOU site  are intra-bank or inter-bank in nature.
         and the Sardar Sarovar Dam which are other added
                                                              Aadhar enabled payment system has proved to be a great
                        About the author                      enabler and comfort and proved its worth in PDS ration shops,
                                                              milk centers, photo copies  shops and fruit sellers to name a
           N K Bakshi                                         few. For making payment for buying entry tickets at Statute
           Retired Vice President                             of Unity  Aadhar enable payment system is the best bet with
           Axis Bank                                          interoperability being its trump card. If bank puts up Aadhar
           Vadodara                                           enabled payments system for charging for tickets the entry
                                                              fee for adults is Rs 120 while for children - aged 3 to 15 - it is

            34 | 2019 | OCTOBER                                                            | BANKING FINANCE
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