Prime Minister Narendra Modi on Friday said that the Bhim-based digital payment platform can revolutionize the Indian economy by allowing every Indian to digitally make payments on their smartphones using their biometric data.
Prime Minister Narendra Modi, while launching a Bhima-based digital platform in Nagpur, said that it will promote digital payments anywhere in the world.
Another step towards cashless economy,
Prime Minister Narendra Modi launching a Bhima-based digital platform in Nagpur said that it would lead to digital payment at any place in the world. This will be a step towards the 'cashless' economy and will get rid of black money.
No card, no cash, only thumbs up payment
Now, to make any payment you will not need to keep cash, credit card or debit card together. It is said that this will enable the payment of thumb impression on each biometric device of every citizen of the country, such as his biometric identity (data). This device can also be a smartphone reading biometric information. With this, 27 big banks have already tied up with three lakh traders. They can start accepting payments using Bhima base.
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