Sunday, March 3

Tag: Bhim App

BHIM App Offering Cashbacks: Know How To Avail
News

BHIM App Offering Cashbacks: Know How To Avail

The 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 Rs. 1000 when opting for BHIM App. The best part of the offer is it does not put a transaction limit to avail the scheme. In addition, a cashback of Rs. 25 will be given for every transaction with a minimum value of Rs.100 to any UPI ID, mobile number, virtual payment address. The maximum limit for cashback has been set to Rs. 500.   #JUSTIN | Great news for @NPCI_BHIM users!! @NPCI_NPCI announced alluring #BHIMCashback plans for new and existing u...
Paytm And PhonePay Asks PM Modi To Make NPCI Neutral Towards Bhim
News

Paytm And PhonePay Asks PM Modi To Make NPCI Neutral Towards Bhim

An 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 government to make National Payment Corporation of India (NPCI) a neutral body to ensure a level playing field between banks and pvt tech companies. The issue was  NPCI’s backing of BHIM app and the government outlying nearly Rs 500 crore for cashback and bonus only for this UPI app as per the report by The Economics Times. Around 74.7% of the shareholding of NPCI is held by 10 promoter banks. Last year, NPCI broad-based its shareholding base to 56 banks fro...
BHIM Referral Scheme Gaining Momentum, Received 50 Million Downloads
INDIA

BHIM Referral Scheme Gaining Momentum, Received 50 Million Downloads

The 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 Ambedkar. The total targeted outlay by the government of India for rewarding the referee and referrer is Rs 495 crore for a period of six month (from April 14, 2017 to October 14), NPCI said in a statement. As per the scheme, the referrer needs to encourage the referee to download the BHIM app and enter the referrers mobile number as the referral code. Both the referrer and referee will get a bonus provided the new user completes three successful trans...
BHIM App Reaches Near 20 Million Downloads
INDIA

BHIM App Reaches Near 20 Million Downloads

Indigenous 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 mobile phones. BHIM is a platform designed to make payment through UPI and USSD modes simpler. Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post demonetisation.
Now Earn Rs 10 For Every Person You Refer to The BHIM App
INDIA

Now Earn Rs 10 For Every Person You Refer to The BHIM App

Prime 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 gratitude to the people saying over the last few months the country had witnessed an atmosphere in which people in large numbers participated in the digital payment, the 'Digidhan' movement. Pushing for a less-cash economy, PM Narendra Modi said the government's 'DigiDhan' movement for digital payment is a step towards curbing the menace of corruption. While paying rich tributes to Dr B R Ambedkar on his 126th birth anniversary at the Deekshabhoomi here, ...
BHIM App Crosses 18 Million Downloads
INDIA

BHIM App Crosses 18 Million Downloads

Indigenous 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 2016. #GoCashlessGoDigital," Kant said in a tweet. The Bharat Interface for Money (BHIM) app was launched on the iOS platform earlier this month. It is also available on the Android platform. BHIM is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It was launched by Narendra Modi, the Prime Minister of India, at a Digi Dhan programme at Talkatora Stadium in New Delhi on 30 December 2016. It has been name...
Paytm Gets RBI Licence For Payments Bank
News

Paytm Gets RBI Licence For Payments Bank

Today, 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 industry, focused on bringing financial services to 100’s of millions of unserved or undeserved Indians." With power of technology and innovation-at-scale, we aim to become a benchmark in world of banking. This is our chance to build something that every Indian can be proud of. No other role or responsibility means as much to me as the privilege of building Paytm Payments Bank, and I intend to take a full-time executive role in the Bank. Earlier today,...