GST Council gives nod to 20 per cent cashback on BHIM payment

Goyal said that software backbone for the incentive will be set up and then those states who are interested can launch the pilot project.

States to test GST cashback for payments via Rupay, BHIM app

Customers making payments using Rupay card and BHIM UPI, would get a cashback of 20 per cent of the total GST amount.

Similarly in April 2018 itself, while Bhim’s payment volume was 12.6 million, the volume of other apps was 177.3 million.

On December 30, Prime Minister Narendra Modi had launched the app for fast and secure cashless transactions.

PM launches BHIM schemes on Ambedkar birth anniversary.

New service will allow customers to make purchases using their Aadhaar number linked with their bank account.

BHIM-Aadhaar, the merchant interface of the BHIM App will pave the way for digital payments by using the Aadhaar platform.

27 banks already on board with 3 lakh merchants for accepting payments using BHIM-Aadhaar platform.

A series of development projects are going to be inaugurated in Nagpur, the Prime Minister said.

Their aim is to promote digitalisation and move towards a cashless economy.