Using BHIM for cashless transactions

BHIM stands for BHarat Interface for Money. It is an app that uses the Indian government initiated UPI (Uniform Payment Interface) to transfer money between two bank accounts in real time. The Indian government’s arm named NPCI (National Payments Corporation of India) is responsible for the development and maintenance of UPI and BHIM. Continue reading “Using BHIM for cashless transactions”

Making India cashless

November 8 2016 was a historic day for India, when Prime Minister Narendra Modi took a bold and swift step, demonitising the highly circulated Rs.500 and Rs.1000 currency notes. Encouraged by the government, customers and merchants are looking for ways to exchange money without using cash. The change is gradual, but is headed the right way. Megacities like Mumbai, Bangalore and New Delhi have jumped at the chance and enabled plenty of businesses to go cashless. Second-tier cities like Pune, Indore and Coimbatore are slower, but are surely getting there one business at a time. Continue reading “Making India cashless”