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Aug 12, 2024 · Although the new subsidiary will continue to operate under the NPCI brand, there may be some changes in its operational structure. ... "All financials are reported within NPCI. Once BHIM becomes a ...
Aug 14, 2024 · Piyush Shukla Published On August 14th, 2024. The National Payments Corporation of India (NPCI) is spinning off its Bharat Interface for Money (BHIM) app into a standalone subsidiary to bolster its presence in the digital payments market. Lalitha Nataraj, previously with IDFC FIRST Bank and ICICI Bank, has been appointed as CEO of this new entity.
Aug 13, 2024 · The subsidiary named NPCI Bhim Services Limited (NBSL) will aim to meet the growing demand for digital transactions in India and to promote financial inclusion. This development not only aims to strengthen India's own digital payment ecosystem but also reflects a sense of national pride and significance in developing a sovereign digital payments framework, NPCI said.
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Aug 13, 2024 · NPCI incorporates NPCI BHIM Services as a wholly-owned subsidiary ... Although the new subsidiary will continue to operate under the NPCI brand, there may be some changes in its operational ...
Aug 13, 2024 · The National Payments Corporation of India (NPCI) announced the incorporation of NPCI BHIM Services Ltd (NBSL) as a wholly owned subsidiary, formerly known as Bharat Interface for Money (BHIM). This is to meet the growing demand for digital transactions and evolving market expectations. This will also promote financial inclusion and strengthening India's digital payment ecosystem.
Aug 13, 2024 · Launched in December 2016, BHIM processed transactions worth Rs 8,096 crore in July 2024 from 2.34 crore transactions as per UPI ecosystem data from NPCI. Sayan Sen 640 Stories Tuesday August 13 ...
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Does Bhim still operate under NPCI?
What is NPCI Bhim Services Limited (nbsl)?
Why did NPCI spin off Bhim?
Why has NPCI hived off Bharat Interface for money?
NPCI during its journey for last six years, has made a significant impact on the retail payment systems in the country. Dedicated to the nation by our Honble President, Shri Pranab Mukherjee, endorsed by the Hon'ble Prime Minister, Shri Narendra Modi and later made the card of choice for the ambitious Pradhan Mantri Jan Dhan Yojana, RuPay is now a known name.
