News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 7 years ago
Rediff.com  » Business » BHIM app for UPI payments is now on Apple iOS

BHIM app for UPI payments is now on Apple iOS

Source: PTI
Last updated on: February 11, 2017 16:39 IST
Get Rediff News in your Inbox:

Indigenous digital payments app BHIM, which the government has developed for fast and secure cashless transactions, was today launched on the iOS platform.

"The much awaited #BHIM for iOS is now available on the AppStore. Apple users, download #BHIM now! #ItPaystoBHIM," Niti Aayog said in a tweet on Saturday.

The Bharat Interface for Money (BHIM) was available on Android platform.

On December 30, Prime Minister Narendra Modi launched the app for fast and secure cashless transactions using mobile phones.

BHIM is a platform designed to make payment through UPI and USSD modes simpler.

Last month, IT Minister Ravi Shankar Prasad said that the number of downloads for BHIM app has crossed 1 crore mark.

The BHIM app downloads which have shot up in a matter of a few days "shows how India is changing" with regard to adoption of digital payments and cashless transactions, the Minister had pointed out.

Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post demonetisation.

According to government data, the number of transactions on USSD (mobile short code message used mainly for banking services on feature phone) saw a whopping 5,135 per cent jump, from 97 such deals a day on November 8 to 5,078 on December 25.

UPI transactions -- which allows users to transfer funds from one bank account to another using a smartphone -- grew 1,342 per cent, from 3,721 such transactions a day on November 8 to 53,648 on December 25.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!