April 16th, 2018The Government of India is leaving no stone unturned in pushing its BHIM app to garner more digital transactions and now it has come up with attractive cashback offers for customers as well as merchants.
Under the new cashback scheme, new users will be entitled a cash benefit worth Rs. 51 while merchants will get a total benefit of...
September 18th, 2017Finance Minister Arun Jaitley today expressed hope that digital payment is going to pick up momentum with more advanced technology coming into the market.
A lot of people went in for digitisation in terms of mode of payment more out of compulsion rather than finding it a more convenient method to transact, but that compulsion created...
August 25th, 2017An issue of NPCI's premium treatment to BHIM app was brought up by several leading entrepreneurs in the payments sector, including Paytm’s Vijay Shekhar Sharma and PhonePe’s Sameer Nigam, at the NITI Aayog event held last week, reiterating the suggestions made by the Watal Committee.
They recommended the Prime Minister and the...
May 17th, 2017The Bharat Interface for Money (BHIM) referral bonus scheme for consumers has started gaining momentum in the country, NPCI managing director and chief executive A P Hota said today.
The scheme was launched by Prime Minister Narendra Modi on April 14, 2017 on the occasion of commemorating the 126th birth anniversary of Dr Bhimrao...
April 21st, 2017Indigenous digital payments app BHIM has recorded close to 20 million downloads so far, NITI Aayog CEO Amitabh Kant on Tuesday said.
"We have close to 20 million downloads of BHIM app," Kant said at an event here.
On December 30, Prime Minister Narendra Modi had launched the app for fast and secure cashless transactions using...
April 14th, 2017Prime Minister Narendra Modi on Friday suggested an easy way for youngsters to make a quick buck this summer vacation. He said for every person you introduce to the BHIM app, you will get a cash back of Rs 10.
"If you refer a mere 20 people a day to the app, you can earn Rs 200," he said.
Notably, the PM had recently expressed...
March 17th, 2017Indigenous digital payments app BHIM, launched by the central government last December for fast and secure cashless transactions, has recorded 18 million downloads so far, Niti Aayog CEO Amitabh Kant today said.
"#BHIMApp breaks all records! Crosses a record of 18 million downloads since its launch on Dec 30...
January 3rd, 2017Today, Reserve Bank of India gave permission to formally launch Paytm Payments Bank. On its blog, Paytm announced this news. However, Airtel is the first company which already start a pilot project of payment bank in Rajasthan.
In a statement Paytm said, "At Paytm Payments Bank, our aim is to build a new business model in banking...
