The recently launched Bharat Interface for Money (BHIM) application has seen more than 140 lakh registration, IT Minister Ravi Shankar Prasad said in New Delhi on Friday.

“The recently launched BHIM application by the government of India will unleash the power of smartphones for digital payment and financial inclusion. Up until this point, more than 140 lakh individuals have adopted the BHIM App,” Prasad said.

He included that the administration will dispatch two new plans to promote the use of BHIM – Referral Bonus Scheme for people and a Cashback Scheme for Businessmen.

Aadhaar Pay, a merchant version of Aadhaar Enabled Payment System, will likewise be launched in a matter of days. This will be particularly gainful for the individuals who don’t have debit cards, mobile wallets, and smartphones.

“Digital economy aims for speed, accountability, and transparency. We are likewise creating an eco-system to make India a worldwide center for electronic manufacturing,” the minister said, including: “More than 250 investment proposition for electronics manufacturing has been gotten in the most recent two years, totaling an investment of Rs. 1.26 lakh crores.”

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