BHIM - Electronic Gurudev

Sep12017 by Team - The Digital IndianNo Comments

Here’s How PM Modi intend to make Bharat a cashless economy

National

In a bid to drive the cashless economy in the country, the central government is considering making mandatory digital payments at points of consumer interface in all government and departments including railways and road transport corporations. Government payments account for a huge percentage of overall transactions and hence PM Modi wants digital transactions to increase in order to reduce the country's dependence on cash. To achieve this the government is planning to come up with new initiatives. Here is a brief explainer Online payments integrated with BHIM All payment options of government and Public Sector Units will be integrated with with official payment modes such as BHIM and Bharat QR code. Bus, train and Metro ticket counters and licenced kiosks and shops wil...

Jan52017 by Team - The Digital IndianNo Comments

Govt. of India launched Toll-free Helpline for Digital Payments

National

The government, in collaboration with telecom and IT industry, has launched a toll-free helpline – 14444 – to address consumer queries on digital payments. The helpline will address questions regarding various platforms, including the newly-launched Bharat Interface for Money (BHIM), eWallets, Aadhaar-enabled payment system and USSD. “The helpline ‘14444’ is available in North as well as Eastern part of the country in English and Hindi and will soon be extended pan India, and in other languages,” Telecom Secretary J S Deepak told PTI. The helpline has been launched jointly by Department of Telecom in collaboration with software association Nasscom, telecom industry as well as the IT industry, officials said. All telecom companies are participating in the initiative and the ...

Jan42017 by Team - The Digital IndianNo Comments

PM Modi’s BHIM app hits 5-mn downloads mark

Technology

The BHIM (Bharat Interface for Money) app has seen 5 million downloads since its launch on December 31, reports Shritama Bose in Mumbai. National Payments Corporation of India (NPCI) MD and CEO AP Hota told FE on Tuesday that the number of user registrations on BHIM so far is 1.5 million. He added financial transactions on USSD (Unstructured Supplementary Service Data) — a digital payments platform for feature phones — had jumped to 7,000-8,000 a day, up from 1,000 a day before November 8. Hota said by March the Unified Payments Interface (UPI) platform can be used to pay utility bills and insurance premiums. He believes more merchants will transact on UPI once the Indian Banks’ Association decides on the interchange rate. “While RBI has capped merchant discount rates, or the ...

Dec312016 by Team - The Digital IndianNo Comments

Key Highlights from PM Narendra Modi Speech On New Year Eve

National

Narendra Modi Speech Highlights: Indian Prime Minster Narendra Modi addressed citizens of the nation on New Year’s Eve, 31st December 2016. PM Modi had addressed public after the end of his 50st-day trial period of demonetisation came to an end on December 30. After demonetisation, Modi had said: “Help me for 50 days and I will give you the India you desired.” Here are the top initiatives PM had announced: For rural poor Home loans in villages up to Rs 2 lakh to get 3% interest exemption, available for building a new house or expanding an old one. In this fight against corruption and black money, it is clear that you wish to walk shoulder to shoulder with us 33% more homes to be built in rural areas under the Pradhan Mantri Awas Yojana (PMAY). 30 million Kis...

Dec302016 by Team - The Digital IndianNo Comments

All About BHIM app – How to use and Where to download from

Information

Prime Minister Narendra Modi on Friday launched a mobile payment app– BHIM, while addressing the audience at the Digi-Dhan Mela in New Delhi’s Talkatora Stadium. The app is called Bharat Interface for Money (BHIM) has been launched to facilitate e-transactions in the country. “Launch of the BHIM App is significant. In addition to his role in making of the Constitution, Dr Ambedkar was also a great economist. His thesis offers significant insights of various economic issues,” Modi said while launching the app. Developed by the National Payment Corporation of India (NPCI), BHIM is an initiative by the Modi government to enable fast, secure, reliable cashless payments through your mobile phone. With BHIM you can send and receive money, check your balance and even create a custom paym...

Dec302016 by Team - The Digital Indian2 Comments

PM Says Soon Will Only Need Thumbprint For Money Transacations, Launches BHIM E-Wallet App

National

Prime Minister Narendra Modi today launched a mobile app to make digital payments easier at Digi-Dhan Mela in Delhi. He thanked people for embracing digital transactions. The new BHIM app that PM launched, he said, will soon work on your thumbprint. The Prime Minister feels that BHIM is the best vision for 2017. Here are the highlights: Government of India has launched a gift under which for the next 100 days, every day 15,000 people will win prizes through lucky draw. These prizes will go to those who transact between Rs 50-3,000 online. This is so that poor people get the prize. Today we also had a draw for the Digi Dhan Vyapar Yojana. This will happen once a week. This is for those sellers who can encourage customers to buy products through digital mode On Baba Sah...