NPCI Expects All State-Run Banks to BHIM by Month-End 486y67

NPCI Expects All State-Run Banks to  BHIM by Month-End
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National Payments Corporation of India (NPCI) today said it expects all state-run banks to Bharat Interface for Money (BHIM) by month-end. 4b41c

Unified Payments Interface (UPI).

"Since the customer base of PSBs is very large, their participation in BHIM is of crucial importance for the success of this app. We are confident that once all PSBs are a part of BHIM, the base will jump multiple times," NPCI's managing director and CEO A P Hota said in a statement in Mumbai on Tuesday.

As on date 37 banks including State Bank of India, Bank of India, Bank of Baroda and Union Bank of India, are on the BHIM platform.

The PSBs which will go live very soon on the platform are Corporation Bank, Punjab and Sindh Bank and five associates of State Bank of India.

BHIM was launched on December 30, 2016 by Prime Minister Narendra Modi.

Till January 31, 13.8 million customers have ed the app out of which 3.6 million customers have linked the app to their bank .

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