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Now, government to take on VC-backed wallet startups with ‘cashback’ for BHIM app

Tuesday, February 21, 2017 | More »

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The government will soon announce a cashback scheme for users of the Bharat Interface for Money (BHIM) app in a bid to boost digital transactions, NITI Aayog CEO Amitabh Kant has said. Since its launch in end-December,  BHIM app has been downloaded by 17 million users, creating a world record, Kant...

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Start shopping, paying bills from mobile as Unified Payments Interface goes live

National Payments Corporation of India (NPCI) today said the Unified Payments Interface (UPI) is live and currently available for customers of 21 banks. UPI is a payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates ‘virtual payment addre...

25 August, 2016 | More »