Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Tech
1-min read

Referral Bonus And Cash-Back Scheme to Boost BHIM Adoption

Launched on December 30, the Unified Payments Interface (UPI)-based BHIM app is currently available on Google's Play Store.


Updated:February 1, 2017, 3:35 PM IST
facebookTwitter Pocket whatsapp
BHIM App, Survey, Rural India
BHIM App. Representative Image. (Image: News18.com)

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 have adopted the BHIM app. Government will launch two new schemes -- a referral bonus for consumers and a cash-back scheme for merchants -- to promote the use of BHIM," Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.

Launched on December 30, the Unified Payments Interface (UPI)-based BHIM app is currently available on Google's Play Store.

"From setting up a separate payments regulatory body to providing cash-backs to BHIM merchants are good initiatives to further boost the digital payments landscape that will lead to financial inclusion in the country," Saket Modi, CEO and co-founder of Lucideus, the IT risk assessment company that provides security for BHIM, told IANS.

"Setting up the Indian Computer Emergency Response Team (CERT-In) for the financial sector was a need of the hour and we are happy to see it being addressed by the Finance Minister. We now hope the execution happens in a timely and efficient manner for all the mentioned initiatives," Modi added.

Also read: India Uniquely Positioned to Benefit From Cloud in 2017: Oracle

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Sarthak Dogra
Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results
Listen to the latest songs, only on JioSaavn.com