Question
National Payments Corporation of India, the umbrella organisation for digital payments in India, has launched new mobile aap for digital payments called -
Solution
BHIM (Bharat Interface for Money) is a Mobile App developed by NPCI. It is based on the Unified Payment Interface (UPI). BHIM was launched by 30th Decemebr 2016 by PM Modi. It has been named after Bhim Rao Ambedkar. The app aims to facilitate e-payments through banks and as part of the 2016 Indian banknote demonetisation and drive towards cashless transactionsÂ
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