Launch of Fintech Accelerator Hub

Fintech Accelerator Hub an initiative by the Government of Maharashtra is a unique public private partnership led initiative which was launched on 1st December’18 at The Taj Palace Colaba which is an initiative by the Government of Maharashtra
NPCI the forerunner in Digital Payments has associated as a Powered by sponsor for the Accelerator Program which will catalyse entrepreneurship and create opportunities to scale through this accelerator. The objective is to nurture and enhance the talent pool lying in the fintech ecosystem to drive Innovation in Digital Payments.

BHIM UPI achieves half a billion transactions

Bharat Interface for Money - Unified Payments Interface (BHIM UPI) achieved the milestone of recording over 620 million transactions in the month of December. The total value of transactions stood at Rs. 1,02,595 crore. BHIM is a mobile phone based app that allows simple, easy and quick payment transactions using UPI. One can easily make direct bank to bank payments instantly and collect money using mobile number or payment address. It is a unique payment solution which empowers an individual with immediate send and collect request.

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