Yes Bank, a private sector bank in India, has teamed up with Nearby Technologies and National Payments Corporation of India (NPCI) to launch Aadhaar-enabled ATMs.

Aadhaar is a 12 digit unique-identity number issued to all Indian residents based on their biometric and demographic data.

The card less and PIN-less Aadhaar ATM service will facilitate cash withdrawal and other transactions using Aadhaar and biometric authentication.

Using the PayNEARBY mobile application on a smart phone, a retailer can also serve as an Aadhaar ATM / Aadhaar bank branch for cash withdrawals and deposits by a customer.

To avail this new facility, customers of any bank will have to link their Aadhaar number with any bank account which gets seeded with NPCI on customer’s request to their respective bank.

PayNEARBY’s Aadhaar ATM will be available through Yes Bank and the BC Agent network which has approximately 40,000 touchpoints.

Nearby Technologies founder Anand Kumar Bajaj said: “With the launch of this service, our aim is to become the payments enabler for India. The Government of India has given subsidy to the common man but customers are unable to access this money and are not aware of this subsidy, thereby blaming the Government for inflation.

“If you pick up 2 out of 10 people in a village, they are surprised that they have money in their bank account. Many don’t even know that an account was opened for them during Aadhaar registration. We want to work in fulfilling Government’s mandate and to make sure that customers can access their money.”