Government has announced its plans to offer higher cash backs if consumers opt for digital transactions using the Bhim app on this Independence Day. Operated by the National Payments Corporation of India (NPCI), the Bhim app works on the Unified Payments Interface (UPI). The Prime Minister had unveiled Bhim in December, after demonetisation, to boost digital payments. After demonetisation, the government had allocated over Rs 450 crore for cash back incentives to be used for a period of six months starting April 14, which was B R Ambedkar’s birth anniversary. The payments app recently crossed a user base of 16 million with 4 million active customers at the end of June. It will be interesting to watch if this incentive boost the app more.
NYOOOZ TV Videos – Dedicated to bringing you the latest and best in politics, sports, current affairs and entertainment world. From traditional sports like cricket to best Bollywood entertainment news, NYOOOZ TV is a must watch for news updates.
Download our Apps on :
Google Play Store :