The government’s BHIM (Bharat Interface for Money) application announced by Prime Minister Narendra Modi on December 31, 2016, has seen remarkable growth over the past few months. Named after Dalit icon Bhimrao Ambedkar, the digital payment application was also launched for non-smartphone users on his birth anniversary in April this year. During the first nine months of operation, BHIM has reported transactions worth more than Rs 11,000 crore and now accounts for almost half of all United Payment Interface (UPI) transactions in the country.
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First Published: Wed, November 08 2017. 15:55 IST