Publication - Mint
Edition - Online
Last week, the National Payments Council of India (NPCI) announced it was hiving off Bharat Interface for Money (BHIM), a payment app based on UPI, into a separate subsidiary. What is the rationale behind this move?
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What is NPCI’s game plan for the BHIM app?
Reports suggest that BHIM is looking to foray into e-commerce and integrate with the ONDC. This will enable customers using the BHIM app to access different services provided by ONDC—a government scheme to promote an open e-commerce network.
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