A step closer to cashless economy : BHIM-UPI hits a record high of 1 crore transactions in a day

A great milestone in the growth of digital payment in India was achieved on 20th of June 2018 when BHIM-UPI transactions hit a record high of 1 crore transactions in a day. Digital payment in India saw a massive push by the Government after demonetization in November 2016.

Prime Minister Narendra Modi launched a unique digital payment platform called BHIM-UPI in December 2016. It is pertinent to note that a simple mobile based account to account digital payment platform like BHIM-UPI is a unique technology innovation of India and no other country in the world has developed something similar to BHIM-UPI. The popularity of BHIM UPI platform can be understood from the fact that internet giants like Google and Whatsapp have also developed their dedicated their digital payment products based on BHIM UPI exclusively for India. Google Tez or Whatsapp payment application are not available anywhere outside India.

Rising popularity of digital payment in India can be understood from the figures given below.

- Advertisement - - Article resumes -

Source : NPCI

The Narendra Modi led NDA government has given an unprecedented push to digital transactions. In fact, we had reported how some user suggestions to make the BHIM UPI app better was also adopted by NPCI. The BHIM app had also gone international recently with its launch in Singapore. In a boost to Modi’s cashless economy clarion call, Visa had also reduced its transaction cost on Debit Cards by 95%.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

Pakistan funded Islamic terrorist blows up 300 kgs of IED, actor brings ‘Hindu right wing’ argument to shield Pakistan

Jaaved Jaaferi refuses to hold Pakistan accountable for the attack, instead equates Hindus with Jaish Terrorists.

Dear Gujarat Samachar editor, how do you live with yourself?

Gujarati daily's insensitive headline over Pulwama attack has got readers upset

Delhi’s education minister deletes tweet after being educated about electricity supply to Pakistan by Adani

Sisodia, without apologising or issuing a clarification, chose to quietly delete the tweet after being called out

NDTV suspends Deputy News Editor for celebrating Pulwama terror attack, may take further action

NDTV Deputy News Editor Nidhi Sethi suspended by the channel for her Facebook comment celebrating the Pulwama attack
Days after Pulwama attack, Kamal Haasan toes the Pakistan line

Kamal Haasan demands ‘referendum’ in Kashmir, terms Pakistan Occupied Kashmir as ‘Azad Kashmir’

Days after Pakistan sponsored Pulwama attack, Kamal Haasan has echoed the sentiments of terrorist state Pakistan when he sought a 'referendum' in Jammu and Kashmir

JNU ‘student’ who was accused of stealing funds in Kathua case found spreading rumours about Kashmiri girls trapped in Uttarakhand

CRPF also issued a notice that certain 'miscreants' on social media are spreading rumours and hate on social media
Congress mouthpiece National Herald whitewashes Pulwama terrorist Adil Ahmed Dar

More stories about terrorist and his family than martyrs – what does it tell about the media?

The English language Indian media has focused more on ‘human stories’ about the terrorist than about the Pulwama martyrs.

Pulwama attack: Justice doesn’t give a tiny rat’s furry posterior about the sensibility of elites who go where the money takes them

Pulwama attack victims' mortal remains weren't even cold yet. The candles lit by the nation has not even been blown out by a sorrowful sigh of the nation, that the vultures started circling the remains

Pulwama attack: Foreseeing strong and fast reaction from India, Pakistan relocates its terrorists nearer to Pak army camps

As per the report, Pakistan has not even vacated the winter posts along the LoC which it usually does.

Man whose number was made public by Barkha Dutt for stalking, claims he is getting threatening calls, says didn’t abuse Barkha

In her tweet, Barkha demanded the Home Minister of the country, Rajnath Singh, himself intervene in the matter which is routinely dealt with by local Police.

Latest articles

Connect with us

137,223FansLike
110,030FollowersFollow
23,029SubscribersSubscribe

Don't miss these