Talking about the performance of the Bharat Interface for Money (BHIM) app of the government, Niti Aayog CEO Amitabh Kant said that the app has successfully recorded 17 million downloads so far, making a world record.
“BHIM App is doing very well, it got 17 million downloads. It is an active, alert and progressive means of transactions, which requires three easy steps,” said Kant.
Launched in December last year for fast and secure cashless transactions, the indigenous digital payments app BHIM, enables digital payments through means like mobile wallets, USSD and RuPay that witnessed massive uptake and rise in transactions post demonetisation.
“The app initially suffered some glitches due to level of technical failure has been taken care significantly,” added Kant while agreeing to the initial problems that the app faced. He added that cash-back and referral schemes through the BHIM app will soon be enforced that will additionally make the transactions easier.
On December 30, Prime Minister Narendra Modi launched the app for fast and secure cashless transactions using mobile phones.
Also Read: NPCI: The Little Known ‘Start-Up’ Behind India’s Cashless Revolution
With inputs from ANI
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.