Government plans to boost its mobile-payment applications in a bid to digitise economy


The government of India is aiming to increase the usage of its BHIM (Bharat Interface for Money) and BharatQR mobile-payment applications among retailers in the country. By March 2018, the government plans to achieve a total of 25 billion transactions through these apps. The government initiative to promote these apps reiterate its strategy of transforming India into a cashless economy.

mobile-payment applications

In order to promote these mobile-payment applications, the government is looking for ways to make digital transactions cheaper than cash. By offering this incentive to both merchants and customers, the government aims to bring more people into the digital payment ambit. In a bid to promote the usage of these apps, the transaction process is also likely to be simplified for recurring transactions such as monthly bill payments and recharges.

Government officials associated with the digital payment system say that they are planning to transform BHIM into a best-in-class payment application. They are also planning to make BharatQR available at all merchant centers. The government is likely to make these applications easier to use and more secure compared to other platforms. Officials says that the government is planning to allow merchants to use BharatQR even without a current account.

BHIM mobile payment app is available for both Android and iOS users. Users can transact with this app using a diverse range of options including QR code scan and Aadhaar number. BharatQR is a payment transfer mechanism that helps users transact with merchants.

Private networks have also started using government-backed digital payment systems to conduct operations in India. Google has recently launched the “Tez” app, which is built on the government’s Unified Payments Interface (UPI). Airtel has also announced its integration with UPI for its payments bank. With more players entering the digital-payment market, the government’s decision to boost its mobile-payment applications will help in its digitisation initiative.


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