Google India forays into Digital Payments with ‘Tez’ App

Google India today launched the Tez app, a new mobile wallet app. The app works on UPI (Unified Payments Interface) platform launched by the National Payments Corporation of India (NPCI). UPI allows you to transfer money into receiver’s bank account by entering his/her VPA (Virtual Payment Address) linked to the bank account, rather than requiring the full bank account number, IFSC code, etc. The app includes support for Eight languages – Hindi, Tamil, Bengali, Gujarati,…

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PM Modi launches BHIM-Aadhaar App : Now you can transact with your Thumb

Prime Minister Shri Narendra Modi launched the Aadhaar-based payments through BHIM App service for merchants. BHIM App was launched by Prime Minister Narendra Modi on December 30, 2016. Within 10 days of its launch, the app had clocked 10 million installs. BHIM Aadhaar would be applicable for retail merchants (individuals and sole proprietors) only and not for corporate merchants. BHIM Aadhaar works on NPCI’s existing product – Aadhaar Enabled Payment System (AePS). It allows the…

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Union Budget 2017 and its impact on Tech

The Union Budget for 2017 was announced by the Honorable Finance Minster Shri Arun Jaitley on February 1 and it covers a lot of interesting announcements related to the IT sector. Now, we take a look at some major announcements made for the IT sector. The Finance Minister has announced that Railway tickets booked via IRCTC won’t attract  any kind of service charges. A new Metro Rail Policy will be announced with focus on innovative…

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BHIM App reaches 10 Million downloads in just 10 days

The BHIM (Bharat Interface for Money) App was launched by Hon’ble Prime Minister Narendra Modi on December 30, 2016. Within 10 days of its launch, the app has clocked 10 million installs and recorded over 2 million transactions across the UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data) platforms. BHIM App user can easily send to other UPI Payment addresses and also to non – UPI supported banks using IFSC (Indian Financial System…

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