SAMBALPUR: An Odia man was honoured by the Centre for devising an Aadhaar-based system for payments under different welfare schemes. The system is unique as it would do away with repetition of payments because fingerprint authentication of the beneficiary is mandatory. Abhaya Hota of Sambalpur received the award from Prime Minister Manmohan Singh at a function in Rajasthan recently. Hota after a career in the Reserve Bank of India (RBI) became the managing director and chief executive officer of National Payments Corporation of India (NPCI). RBI had set up the NPCI, an umbrella institution, to clear and settle all inter-bank transactions in ATM transactions, mobile payments and card payments................
Read - TOI
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