NPCI hopes that all public sector banks will join BHIM by the end of February

NPCI-hopes-that-all-public-sector-banks-will-join-BHIM
NPCI hopes that all public sector banks will join BHIM :
The National Payments Corporation of India expects all public sector banks (BSPs) to join Bharat Interface for Money (BHIM) by the end of this month.
BHIM is the common platform across the country for simple payment transactions using the Unified Payment Interface (UPI).

As of now, 37 banks are part of the BHIM platform, including PSBs such as State Bank of India, Bank of India, Bank of Baroda and Union Bank of India.
The main subsidiary bodies that will soon be operating on the platform are Corporation Bank, Punjab and Sindh Bank and five partners of State Bank of India. NPCI is working with these seven banks to ensure that all of these companies are part of the platform by the end of the month.


"Since the LES clients are very important, their participation in BHIM is critical to the success of this application. We are confident that once all BSPs become part of BHIM, the user base will jump several times, "said A. P. Hota, CEO of NPCI.

Also Read:
*Live* BHIM App APk– (Download here)| How to download and use (BHim app- apk) step by step? 
Narendrdra Modi Bharat Interface for Money app or 'BHIM e-wallet app Crosses' 10 Million Downloads in 10 days 


BHIM was launched on 30 December 2016 by Prime Minister Narendra Modi.
According to a statement by NPCI, until January 31, 2017, 13.8 million customers have downloaded the application, of which 3.6 million customers have linked the application to their bank account.
As observed by NPCI, the difference between the number of applications downloaded and the number of customers connecting the application to their bank account is explained by the fact that these customers downloaded BHIM without checking whether their bank is active On the platform.

Earlier this month, a new version 1.2 was launched with additional features like paying the Aadhaar number, SPAM report, improvised client redress mechanism with drop down menu.
The new version also has seven new languages ​​outside of English and Hindi

Previous
Next Post »