Transactions Worth Rs 1,500 Crore Took Place Via BHIM App, Says Government

The BHIM app, that aims to make payments through mobiles, has logged 2 crore downloads and close to Rs 1,500 crore worth of transactions have taken place through it, IT Minister Ravi Shankar Prasad said today. Responding to a mention made by SP member Jaya Bachchan during the Zero Hour in the House, Mr Prasad also said more than 2 crore people have been trained by common service centres on digital payments. Bharat Interface for Money (BHIM) is an app that allows transactions using Unified Payments Interface (UPI). 

The BHIM app has been downloaded by 2 crore people and there has been close to 50 lakh transactions only on the BHIM app worth Rs 1,500 crore, said Mr Prasad.

Raising the issue, Jaya Bachchan while congratulating the government for its intention to move towards digital and cashless payments, said that inadequate infrastructure was hampering digital payments. She said demonetisation was improperly planned and caused "confusion and hardship" to people in the country. She also said there were only 15.1 lakh PoS (Point of Sales) machines in the country, while the requirement was of 20 lakh.

Lack of digital preparedness is already threatening to hit consumption growth, Mrs Bachchan said and supported her contention citing SBI data.

In a surprise move, the government had scrapped high denomenation notes (Rs 500/1000) from November 8, 2016 with an aim to check black money, terror financing and fake currency, among others.
 

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