BHIM is a platform designed to make payment through UPI and USSD modes simpler.
The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
By the end of December 2021, India had 389 million users who did not have access to mobile Internet, while there were 765.8 million mobile Internet users in the country.
The minister also exempted components from taxes to encourage domestic manufacturing of these devices.
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