![](https://www.newsexperts.in/wp-content/uploads/2020/01/npci.png)
![](https://www.newsexperts.in/wp-content/uploads/2020/01/npci.png)
MUMBAI:
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
KSUM’s July 20 Beyond Tomorrow Conclave to Drive InnovationKOCHI:Kerala Startup Mission (KSUM) is organising.
Muthoot Risk Insurance & Broking Services (MRIBS) Opens New Head Office in ThiruvananthapuramTHIRUVANANTHAPURAM:Muthoot Risk Insurance & Broking Services.
Great Mid-Size Workplaces: H&R Block at Technopark Ranked First in IndiaTHIRUVANANTHAPURAM:Global consumer tax services provider H&R.
Triassic Solutions Forms Joint Venture with Sequoia Applied TechnologiesTHIRUVANANTHAPURAM:Kerala based software company Triassic Solutions.
SBI Unveils “Amrit Vrishti” Term Deposit SchemeMUMBAI:State Bank of India (SBI), country’s.
Ageas Federal Life Insurance Introduces ‘Golden Years Pension Plan’MUMBAI:Ageas Federal Life Insurance, one of.
UPI Goes Live at Galeries Lafayette’s Flagship Store in ParisKOCHI:NPCI International Payments Limited (NIPL), in.
India at the Forefront of Economic TransformationNEW DELHI:Marcellus Investment Managers, renowned for.
Women Entrepreneurship Platform and TransUnion CIBIL Partner to Launch SEHER ProgramKOCHI:SEHER, a credit education program launched.
A Suzuki Initiative, Launches Rs 340 Crore Fund to Empower Bharat’s EntrepreneursGIFT CITY:Next Bharat Ventures IFSC Private.