Indian IoT startup Proxgy has unveiled ThumbPay, a groundbreaking biometric payment device that lets you pay with just your thumb! No phone, no card, no wallet needed – just place your thumb on the device and pay instantly. This Made-in-India innovation combines Aadhaar and UPI for seamless transactions under ₹2,000.
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ThumbPay Device Specifications & Features
| Feature | Specification | Benefit |
|---|---|---|
| Price | Under ₹2,000 ($25) | Most affordable biometric payment |
| Connectivity | 4G, Wi-Fi, LoRaWAN | Works in poor network areas |
| Scanner | STQC-certified with liveness detection | Fraud prevention |
| Power | Battery-powered operation | No electricity dependency |
| Extra Features | UV sterilization, QR/NFC support | Hygiene + flexibility |
| Sound Box | UPI confirmation audio | Replaces multiple devices |
The device combines Aadhaar Enabled Payment System (AEPS) for identity verification with UPI for instant bank transfers, creating a secure one-touch payment experience that works for any Indian with an Aadhaar-linked bank account.
How ThumbPay Works: DigiYatra for Payments
ThumbPay turns everyday purchases into a simple thumb gesture. Customers place their thumb on the STQC-certified scanner, get identified through Aadhaar AEPS authentication, and money instantly debits from their linked bank account via UPI – all in seconds.
Universal Compatibility: Any merchant with a ThumbPay device can accept payments from customers of any bank, achieving true interoperability like UPI. Merchants don’t need smartphones or continuous power since the device runs on battery.
The compact hardware includes a tiny camera for verification, integrated keypad for amount entry, UV sterilization for hygiene, and even doubles as a UPI sound box for transaction confirmations.
Why This Innovation Matters for India
Proxgy CEO Pulkit Ahuja envisions ThumbPay as “DigiYatra for payments” – where your thumb becomes your wallet, making physical tokens obsolete. This addresses India’s digital divide by bringing UPI power to elderly users, laborers, and anyone finding apps cumbersome.
Massive Market Ready: Hundreds of millions of Indians with Aadhaar-linked bank accounts can use ThumbPay from day one. No additional enrollment needed – your existing Aadhaar identity is sufficient.
The device targets everyone from metropolitan cities to rural towns, ensuring digital payment access with dignity, simplicity, and trust.
From Pilot to Nationwide Rollout
ThumbPay has successfully completed field trials with merchants showing quick adoption and positive customer response. Proxgy is now working on compliance approvals from UIDAI and NPCI before a phased national rollout.
The company plans to start with leading banks before expanding across fintechs nationwide. At under ₹2,000 pricing, subsidized distribution ensures small shopkeepers can easily adopt the technology.
Positioning India’s Fintech Future
ThumbPay positions India ahead in biometric payments, a market forecasted to exceed $5 trillion globally. Unlike costly palm-scan systems, ThumbPay builds on India’s existing Aadhaar and UPI infrastructure for both inclusivity and scale.
For more fintech innovations and payment technology updates, stay connected. Visit Proxgy’s official website for detailed product information and merchant partnerships.
ThumbPay represents the future of payments – where your identity literally becomes your payment instrument!
FAQs
Do I need to register separately for ThumbPay?
No, any Indian with an Aadhaar-linked bank account can use ThumbPay immediately.
How much does the ThumbPay device cost for merchants?
The device is priced under ₹2,000, making it one of the most affordable biometric payment solutions globally.
