BHIM

PhonePe Claims 1 Mn Daily Transactions Worth $15.4 Mn In Nov, Taking Lead Over BHIM?

Flipkart owned UPI application PhonePe claims to have processed more than 1 Mn daily transactions value more than $15.4 Mn (INR 100 Cr) each individual day in November. Also, the application has realized a total Payments Volume (TPV) annual operate fee of $6.1 Bn (INR 40K Cr) inside 14 months of its launch. The corporation…

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UPI Transactions Jump By 38% To 105 Mn In November: NPCI

Following clocking 76.8 Mn transactions in Oct, the Unified Payments Interface (UPI) hit a file large of 105 Mn transactions final thirty day period. According to knowledge introduced by NPCI (Countrywide Payments Corporation of India), the in close proximity to 38% leap has mainly been due to the elevated adoption of UPI centered electronic payments…

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Government Permits Digital Payments For Charging Of Electric Vehicles

In a bid to make sure rapidly and sleek adoption of electric autos, the Federal government of India has declared that buyers will be permitted to pay out for the charging of EVs as a result of electronic payments solutions as BHIM app and Bharat QR Code. As for each sources, the final decision has…

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MeitY Launches Mobile App UMANG To Boost EGovernance

Ministry of Electronics and Information Technology (MeitY), in line with PM Narendra Modi’s Electronic India initiative, has released the egovernance cell app UMANG – Unified Cellular Application for New-Age Governance. The initiative to launch UMANG app was declared final year by the PMO to deal with this concern of multiplicity and is staying hailed as…

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Digital Transactions Reach All Time High Of 956 Mn In October: RBI

A ton has been occurring in the Indian digital payments house. With the entry of massive gamers like Google, Amazon and now PayPal and the government’s generate toward cashless economic system, digital transactions in the nation attained an all-time superior of 965 Mn past thirty day period, as for each RBI information. This is the…

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Banks To Bring UPI Enabled Digital Payment Apps Under BHIM

As an further increase to the developing inhabitants of the Unified Payments Interface (UPI), Indian financial institutions, both community and non-public, are gearing up to align their digital payment answers beneath the umbrella of BHIM (i.e. Bharat Interface for Cash). Henceforth, BHIM will element as a prefix to the UPI application of every lender. To…

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With 7.5 Mn Tez App Downloads Google Is Eyeing To Lead India’s $500 Bn Digital Payment Industry By 2020

Using large on income back and reward features, Google’s Tez, a UPI-primarily based digital payment app has registered nearly 7.5 Mn downloads in the 40 days due to the fact its launch, educated the corporation CEO Sundar Pichai even though speaking at a quarterly investors’ fulfill. Though the app could not break the Indian government-backed…

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