Bhim App Digital Transactions

The move comes as a breather to companies like Walmart Inc's PhonePe and Alphabet Inc's Google, which are among the leading digital money transfer apps in the country.

Government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of the merchant discount rate

Making UPI payments through ICICI 'pockets wallets' will allow customers to undertake the small value everyday transactions directly from their digital wallet in a safe and secure manner.

ICICI Bank said that with this facility, the new users, including those who are not customers of the bank, can now instantly get a UPI ID, which is automatically linked to 'pockets'.

The GST Council today cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.

In financial year 2016-17, the total amount transferred using BHIM app was only Rs 695 crore.

BHIM app users will receive cashback worth Rs. 51 on successfully completing their first transactions through the app.

The value of transactions in December also jumped to Rs 13,144 crore from a mere Rs 1,568 crore in January, 2017

The cabinet on Friday decided that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to a value of Rs.2,000 will be borne by the government

Consumer and the merchant will not suffer any additional burden in the form of merchant discount rate (MDR), expected to give a boost to digital transactions.

The scheme was launched by Prime Minister Narendra Modi on April 14 for a period of six months for promoting cashless payments through the BHIM app.

To start using the BHIM app to send/receive money and use its other features, you need to register on the app to set up a four-digit passcode and a UPI-PIN or UPI Personal Identification Number.

Minister of State for Electronics and IT P P Chaudhary made the statement in a written reply to the Lok Sabha.

Responding to a mention made by Samajwadi Party member Jaya Bachchan during the Zero Hour in the House, Ravi Shankar Prasad said more than 2 crore people have been trained by common service centres on digital payments.

Under the Lucky Grahak and Digi Dhan Vyapar schemes, 16 lakh customers and merchants have won Rs 258 crore of prize money.

The move comes as a breather to companies like Walmart Inc's PhonePe and Alphabet Inc's Google, which are among the leading digital money transfer apps in the country.

Government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of the merchant discount rate

Making UPI payments through ICICI 'pockets wallets' will allow customers to undertake the small value everyday transactions directly from their digital wallet in a safe and secure manner.

ICICI Bank said that with this facility, the new users, including those who are not customers of the bank, can now instantly get a UPI ID, which is automatically linked to 'pockets'.

The GST Council today cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.

In financial year 2016-17, the total amount transferred using BHIM app was only Rs 695 crore.

BHIM app users will receive cashback worth Rs. 51 on successfully completing their first transactions through the app.

The value of transactions in December also jumped to Rs 13,144 crore from a mere Rs 1,568 crore in January, 2017

The cabinet on Friday decided that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to a value of Rs.2,000 will be borne by the government

Consumer and the merchant will not suffer any additional burden in the form of merchant discount rate (MDR), expected to give a boost to digital transactions.

The scheme was launched by Prime Minister Narendra Modi on April 14 for a period of six months for promoting cashless payments through the BHIM app.

To start using the BHIM app to send/receive money and use its other features, you need to register on the app to set up a four-digit passcode and a UPI-PIN or UPI Personal Identification Number.

Minister of State for Electronics and IT P P Chaudhary made the statement in a written reply to the Lok Sabha.

Responding to a mention made by Samajwadi Party member Jaya Bachchan during the Zero Hour in the House, Ravi Shankar Prasad said more than 2 crore people have been trained by common service centres on digital payments.

Under the Lucky Grahak and Digi Dhan Vyapar schemes, 16 lakh customers and merchants have won Rs 258 crore of prize money.