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With the rural population as the primary target of the App, one can use this App directly from the phone with the phone number as the payment address. The e-wallet App developed by the National Payment Corporation of India (NPCI) is an Aadhaar-based payments app and is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. These are the features that make the App user-friendly. The BHIM app is about 2MB in size and has a simple interface for ease of use on […]

There has been a shift towards electronic transactions and this phenomenal boost is thanks to the demonetization as well as Government promoting online transactions. This is great news for all businesses with the online presence. And if you still do not have a website this is the perfect time to invest in one irrespective of the size of your business. Post Demonetisation Government is promoting online transactions with a lot of vigor. Use of electronic transactions has been incentivised by both central and state Governments […]

The Reserve Bank of India in an announcement on 4th December informed that new Rs 20 and Rs 50 banknotes in the Mahatma Gandhi series-2005 will soon be issued. The bank stated that all the banknotes of Rs 20 and Rs 50 issued by the Bank in the past will continue to be legal tender. “The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing signature of Dr […]

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