The company is providing UPI-enabled interoperable cardless cash withdrawing system in the country. Under this system, anyone can withdraw cash from the ATM by just scanning the QR Code through the UPI App.
UPI users should avoid making transactions during the time specified by the NPCI.
Payments on Unified Payments Interface (UPI) in June hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore, as per National Payments Corporation of India (NPCI) data.
BHIM app was launched by the National Payments Corporation of India back in the year 2016
With UPI frauds on the rise, here are some tips you should keep in mind to avoid getting into scams on apps like Google Pay, PhonePe, Paytm and more.
Shops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of government's stride towards a less-cash economy, will not have to pay any penalty till January 31 for not installing the system.
As FASTags will become mandatory from January 15, people can now add money to their FASTag accounts using BHIM app. Follow these steps
National Payments Corporation of India, NPCI on Thursday announced NETC FASTag recharge option through BHIP UPI App for its customer. NPCI said that customers can recharge FASTags through any BHIM UPI enabled mobile app.
The IT Ministry on Monday unveiled a slew of new initiatives and programmes, including BHIM 2.0 that packs-in new functionalities, support additional languages and has increased transaction limits. Union Minister Ravi Shankar Prasad also launched a StartUp Hub portal and Indian Software Product Registry at IT Ministry's MeitY Start-up Summit.
Digital India initiative should be leveraged to transform rural India and create avenues for those in smaller towns and cities, IT Minister Ravi Shankar Prasad said on Monday.
BHIM UPI Charges: In a move to boost digital payments in small and large merchants' transactions across the country, National Payments Corporation of India (NPCI) has revised BHIM UPI charges for large ticket transactions.
The National Payments Corporation of India (NPCI) has rationalised merchant discount rates for BHIM UPI transactions to promote digital payments. Merchant discount rates (MDR) for large ticket transactions has been capped at maximum Rs 100 and made zero at offline merchants for transaction up to Rs 100, a statement said on Friday.
The new plans offered by BHIM App will allow customers to get up to Rs 750 cashback every month, while merchants can get cashback up to Rs 1000 per month.
The move by Paytm is expected to provide a big boost to the government-backed UPI payments interface.
Transactions through UPI have more than doubled in October to 76.9 million from 30.8 million in September, NPCI said on Wednesday.
Speaking at India TV’s special show on mobile hacking, Saket Modi said that data of banking apps are purely encrypted, therefore it is not possible for any hacker to access any data.
Despite having recorded more than 1.90 crore downloads so far, indigenous digital payments app BHIM, which was launched by the Centre last December, has failed to translate these downloads into active usage.
Terming the launch of 104 satellites by ISRO in one go as a shining example of India’s pride, PM Modi said the historic achievement has become a marvel for the entire world.
In a noteworthy step towards simplifying digital transactions, Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app. “Nearly 125 lakh people
The users of BHIM (Bharat Interface for Money) mobile application that was launched to simplify digital transactions are facing several "teething problems" that need to be rectified for it to be truly effective. Indigenous digital
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