India Economic Survey 2017: BHIM witnessed over 1 million transactions till January
BHIM app was integrated with UID for making payments. Users can now send and receive money using their 12-digit Aadhaar number.The Bharat Interface For Money (BHIM) - PM Modi's flagship app to promote digital billing has witnessed over 1 million transactions as of January 10, even as 10 million people downloaded the app so far, said the Economic Survey 2016-17 tabled in the Parliament on Tuesday. However, it did not disclose the total value of the transactions done through the app.
In a bid to push digital payments, Modi Government launched BHIM app at the Digi Dhan Mela in December. It was seen as an initiative to enable cashless payments through a user’s mobile phone and is inter-operable with other Unified Payment Interface (UPI) applications, and bank accounts. BHIM is developed by the National Payment Corporation of India (NPCI). The Economic Survey also highlighted that Aadhaar Merchant Pay which enables users to make merchant payment using his biometric identification will be integrated into BHIM soon. On Monday, BHIM app was integrated with UID for making payments. Users can now send and receive money using their 12-digit Aadhaar number
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BHIM app was integrated with UID for making payments. Users can now send and receive money using their 12-digit Aadhaar number.The Bharat Interface For Money (BHIM) - PM Modi's flagship app to promote digital billing has witnessed over 1 million transactions as of January 10, even as 10 million people downloaded the app so far, said the Economic Survey 2016-17 tabled in the Parliament on Tuesday. However, it did not disclose the total value of the transactions done through the app.
In a bid to push digital payments, Modi Government launched BHIM app at the Digi Dhan Mela in December. It was seen as an initiative to enable cashless payments through a user’s mobile phone and is inter-operable with other Unified Payment Interface (UPI) applications, and bank accounts. BHIM is developed by the National Payment Corporation of India (NPCI). The Economic Survey also highlighted that Aadhaar Merchant Pay which enables users to make merchant payment using his biometric identification will be integrated into BHIM soon. On Monday, BHIM app was integrated with UID for making payments. Users can now send and receive money using their 12-digit Aadhaar number
Read more for HNI Stock Tips -http://bit.ly/ace_services
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