BHIM App Crosses 17 Million Downloads: NITI Aayog

Posted By:
Subscribe to GoodReturns

Indigenous digital payments app BHIM, which the government launched last December for fast and secure cashless transactions, has recorded 17 million downloads so far, Niti Aayog CEO Amitabh Kant today said.

"There have been over 17 million downloads of the BHIM app so far," Kant told PTI. Noting that the app initially suffered from glitches, he said the level of technical failure has now come down significantly. BHIM Payment App: Here Is All You Need To Know

The Bharat Interface for Money (BHIM) app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform.

BHIM App Crosses 17 Million Downloads: NITI Aayog

The Niti Aayog CEO further said that the number of transactions on USSD (mobile short code message used mainly for banking services on the feature phone) saw 45 per cent increase in the November-January period.

Kant said that prior to demonetization, India had 8 lakh POS machines. "Now the country has 28 lakh POS machine," he said. BHIM App: Know How To Use This UPI Based App?

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.

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

Read more about: bhim, upi
Story first published: Wednesday, February 22, 2017, 11:38 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns