Modi will felicitate winners of mega draw of two major incentive schemes to promote digital payments
BHIM is a platform designed to make payment through UPI and USSD modes simpler
Minister says 3% of dealings in India are digital; at 22%, black money will be curbed
As on date, 37 banks are on the BHIM platform
Version 1.2 comes with 7 new languages including Odia, Bengali & Tamil, among others
Four banks, including SBI, are going to join the new system
On December 30, 2016, Prime Minister Modi had launched the BHIM mobile app
BHIM is biometric version of UPI, USSD and expected to minimise role of plastic cards, PoS machines
Prime Minister Narendra Modi on Friday launched an Aadhaar-based mobile payment application at Digi Dhan Mela here to promote and make digital transactions easier.