In a step ahead towards attaining the goal of ‘Digital Payments for All’, National Payments Corporation of India (NPCI) has announced the launch of BHIM App open source license model under which source code of BHIM App will be licensed to regulated entities participating in UPI ecosystem, who do not have UPI app of their own, to empower them to launch their own UPI app.
Presently, many banks do not have their own mobile banking app and are missing out on extending the benefits of the country’s largest retail payment system – UPI, to their customer base. NPCI intends to bridge this gap by extending all the readily available features of UPI to these entities through this BHIM App licensing model which will be an economical and quick-to-market solution for these entities. Further, under this model new features that get launched on BHIM App in the future, will also be extended to these entities for them to continue accessing BHIM app’s latest features.
more recommended stories
Shoppers Stop Ties up with Earthi
MUMBAI:Shoppers Stop, India’s leading retail chain,.
Mia by Tanishq’s ‘Rare Pair’ Collection
KOCHI:The season of love, laughter, and.
Tata Chemicals, Rallis Wins Silver and Plaque at ICAI Sustainability Reporting Awards
MUMBAI:Tata Chemicals has been conferred with.
India Achieves Complete Transition to T+1 Settlement Cycle in Equity Markets
MUMBAI:January 27, 2023 will mark as.
Bizongo Appoints Prasanth Nair as Head of Engineering
MUMBAI:Bizongo, a leading vendor digitization platform.
Equitas Small Finance Bank Opens 7 New Branches in One Day
KOCHI:Equitas Small Finance Bank Limited, one.
World Benchmark Study Ranks KSUM Among World’s Top Five Incubators
THIRUVANANTHAPURAM:In big endorsement of its role.
Multipl Offers Best Savings on MakeMyTrip Flight Bookings
MUMBAI:Flights and vacations are a break.
Fire-Boltt Talk-Ultra Smartwatch Launched
NEW DELHI:Fire-Boltt, India’s No. 1 smartwatch.
Kotak Mahindra Bank Launches 20th ‘Aadhaar on Wheels’ Van
KOCHI:Kotak Mahindra Bank Limited (“KMBL”/Kotak) is.