The BHIM app, which is a digital payments application which uses the Unified Payments Interface has received 2 crore (20 million) downloads, Ravi Shankar Prasad, the Minister of Electronics and Information Technology told Parliament, earlier this week. This was during Zero Hour, and he added that there have been close to 50 lakh (5 million) transactions on the BHIM App, worth Rs 1500 crores (around $235.75 million at current rates). This statement comes a week after the NPCI had announced that the BHIM App had received 16 million downloads. The NPCI owns and operates BHIM, and perhaps the Minister just rounded off 16 to 20, or BHIM got 4 million more downloads, which is indicative of a hockey-stick growth, because it took almost seven months for it to hit the 16 million mark. Some data points suggest otherwise, though. For example:…
- PrivacyNama 2022 Workshop: Privacy Preserving Advertising; October 11 October 7, 2022
- IRDAI Approves ‘Amazon-like’ Intermediary For Selling Insurance Products: Benefits and Concerns October 7, 2022
- Will Google offer its free VPN service on Pixel phones in India? October 7, 2022
- Tesla CEO Elon Musk will buy Twitter for $44 billion after all October 6, 2022
- Jio and Airtel showcase their surveillance systems at the India Mobile Congress 2022 October 6, 2022
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