BHIM UPI a turnaround success, records 145 million UPI transactions
Prime Minister Narendra Modi’s recently launched BHIM app, a digital payments solution app based on the Unified Payments Interface (UPI) has become a success and attracted 145 million UPI transactions in December 2017, according to NPCI.
Talking about the app, BHIM is based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). If a user has signed up for UPI based payments on their respective bank account, which is also linked to his/ her mobile number, then he/ she will be able to use the BHIM app to conduct digital transactions.
According to the report, since its launch the transactions are increasing rapidly as more e-commerce players and banks are rolling out their UPI interface....Read More
