BHIM is the premier mobile digital payment platform promoted by govt of India. It was launched by Prime minister Narendra Modi in December 2016. Core part of BHIM involves a mobile app and allows users to do bank account to bank account transfer in a simple and seamless manner.
Now to promote wide adoption of BHIM, india government has launched a cashback scheme along with BHIM Referral Bonus Scheme.
In December 2016, Prime minister Narendra Modi has launched a new mobile app called BHIM to simplify digital payment in India. Such a mobile app was badly needed as the country is still facing significant cash crunch after demonetisation. But the adoption of BHIM has been less than desired. To fix this, government has declared a new BHIM referral scheme yojana to promote use of BHIM Mobile app.
Along with referral Bonus scheme, india govt has launched a BHIM Cashback Scheme]
Narendera Modi has launched BHIM App on Dec 30, 2016 as an initiative to provide fast, and reliable cashless payment through mobiles. BHIM app name is based Dr. Bhimrao Ambedkar and it the acronym stands for Bharat Interface for Money (BHIM).
UPI full form is Unified Payment Interface and it is a phone based payment app to transfer funds instantly from one's bank account. Using UPI app one can transfer money from/to directly from their bank accounts and does not require to keep money in e-wallet (where it does not earn any interest).
UPI (Unified Payment Interface) is a scheme from Government of India to make digital cashless transactions easy and smooth. Using a UPI App, we can send money to a friend or pay to a merchant directly from our app without the hassle of having a credit and debit card. While paying a friend or a merchant through UPI app, you need to know their UPI ID. UPI id ...
UPI (Unified Payment Interface) is a new initiative from Government of India to make digital cashless transactions easy and smooth. Using a UPI App, we can send money to a friend or pay to a merchant directly from our app without the hassle of having a credit and debit card, or without going through netbanking site and its password flow. It is a credible ...
To promote cashless payments, Indian government has launched a reward scheme for consumers called 'Lucky Grahak Yojana'. Under this scheme, every consumer making a payment using approved digital payment systems will be added to a lucky draw and people will get cash rewards.
India is still seeing a lot of problems in day to day cash transactions due to limited availability of cash. Government is now looking aggressively towards digital or cashless payments to alleviate this problem. To promote digital payments, Indian Government has launched multiple schemes and rewards on Dec 15th.
Digi Dhan Vyapar Yojana is to promote digital payments among shopkeepers, merchants...
State Bank of India has launched its UPI App (called SBI pay) on Nov 25, 2016. Currently 'SBI Pay' app is only available for android phone (ios version is blocked waiting specification from NPCI).
For people who are new to UPI, UPI stands for Unified Payment Interface and it is a new initiative from Government of India to make phone based money transactions easy and simple. Using UPI one can ...