SolutionThe correct answer is Aadhaar enable smart cardLaunch Aadhar Pay, a merchant version of the Aadhar Enabled Payment System. A Mission to be set up with a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards. Banks have targeted to introduce additional 10 lakh new POS terminals by March 2017. They will be encouraged to introduce 20 lakh Aadhar-based POS by September 2017. Proposal to create a Payments Regulatory Board in Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems.