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BHIM Mobile Payment App
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment mobile app, app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions. The application supports all Indian banks which use UPI, which is built over the Immediate Payment Service (IMPS) infrastructure and allows the user to instantly transfer money between 170 member banks of any two parties. It can be used on all mobile devices. The app is named in honour of B. R. Ambedkar. Operation BHIM allows users to send or receive money to or from UPI payment addresses, or to non-UPI based accounts (by scanning a QR code with account number and Indian Financial System Code, IFS code or Mobile payments in India#MMID, MMID code). Unlike mobile wallets (Paytm, MobiKwik, M-Pesa, Airtel India#Airtel Money, Airtel Money, etc.) which hold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Payments Corporation Of India
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India. Organisation Founded in December 2008, the NPCI is a not-for-profit organisation registered under Section 8 of the Companies Act 2013, established by the Reserve Bank of India and the Indian Banks' Association. The organisation is owned by a consortium of major banks, and has been promoted by the country's central bank, the Reserve Bank of India. The NPCI was incorporated in December 2008 and the Certificate of Commencement of Business was issued in April 2009. The authorised capital has been pegged at and paid-up capital is . Initially, there were ten promoter banks viz. State Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
M-Pesa
M-PESA (M for mobile, ''PESA'' is Swahili language, Swahili for money) is a mobile banking, mobile phone-based money transfer service, payments and Micro-finance, micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia. The rollouts in India, Romania, and Albania were terminated amid low market uptake. M-PESA allows users to deposit, withdraw, transfer money, pay for goods and services (''Lipa na M-PESA'', Swahili language, Swahili for "Pay with M-PESA"), access credit and savings, all with a mobile device. The service allows users to deposit money into an account stored on their cell phones, to send balances using Personal identification number, PIN-secured Short Message Service, SMS text messages to other users, including sellers of goods and services, and to redeem deposits for regular money. Users are cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab National Bank
Punjab National Bank alias PNB is an Public sector banks in India, Indian government bank based in New Delhi. It was founded in May 1894 and is the List of banks in India, second-largest public sector bank in India in terms of its business volumes, with over 200 million customers i.e over 20 Crore customers, 12,248 branches, and 13,000+ Automated teller machine, ATMs. PNB has a banking subsidiary in the United Kingdom, UK (PNB International Bank, with seven branches in the UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has representative offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan, it owns 51% of Druk PNB Bank, which has five branches. In Nepal, PNB owns 20% of Everest Bank, which has 122 branches. PNB also owns 41.64% of JSC (SB) PNB Bank in Kazakhstan, which has four branches. History Punjab National Bank is a Public Sector Undertakings in India (PSU) working under the Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kotak Mahindra Bank
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of December 2023, the bank has 1,869 branches and 3,239 ATMs, including branches in GIFT City and DIFC (Dubai). History 1985–2002: Kotak Mahindra Finance In 1985, Uday Kotak founded Kotak Capital Management Finance Limited as a financial services company with a loan of 30 lakh from family and friends. In 1986, Anand Mahindra and his father Harish Mahindra invested 1 lakh in the company which was subsequently renamed Kotak Mahindra Finance. The company was initially engaged in bill discounting, along with lease and hire purchase activities. In the early 1990s, the company started offering car financing and investment banking services and expanded its operations overseas. In 1996, car financin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Bank
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,002 employees, 5,901 branches with 5,268 ATMs and Cash deposit machines. Total business of the bank has touched as of 31 March 2025. The bank's information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including foreign currency banking units in Colombo and Jaffna. It has 227 overseas correspondent banks in 75 countries. Since 1969, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged on 1 April 2020, making Indian Bank the seventh largest bank in India. History Early formation and expansion In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis the city was ever to suffer. Of the three best-known British commercial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HDFC Bank
HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai. It is India's largest private sector bank by assets and market capitalisation. The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”. As of April 2024, HDFC Bank has a market capitalisation of $145 billion making it the third-largest company on the Indian stock exchanges. It is also the sixteenth largest employer in India with over 1.73 lakh (173k) employees, following its takeover of parent company Housing Development Finance Corporation. History HDFC Bank was incorporated in 1994 as a subsidiary of HDFC Ltd, which received an 'in principle' approval from the RBI to set up a bank in the Private Sector as part of its liberalisation of the Indian banking industry. The bank commenced operations in January 1995, with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canara Bank
Canara Bank is an Indian public sector bank based in Bangalore, India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai. The bank was nationalized in 1969. Canara Bank also has offices in London, Dubai and New York. History Ammembal Subba Rao Pai, a philanthropist, established the ''Canara Hindu Permanent Fund'' in Mangalore, India, on 1 July 1906. Canara Bank's first acquisition took place in 1961 when it acquired Bank of Kerala. This had been founded in September 1944 and at the time of its acquisition on 20 May 1961 had three branches. The second bank that Canara Bank acquired was Seasia Midland Bank ( Alleppey), which had been established on 26 July 1930 and had seven branches at the time of its takeover. In 1958, the Reserve Bank of India had ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad. This bank had been established in 1870, and had converted to a limited company in 1925. At the time of the acquisition G. Raghumathmul Bank had five b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FASTag
FASTag is an electronic toll collection system in India, operated by the National Highways Authority of India (NHAI). It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner. It is affixed on the windscreen of the vehicle and enables one to drive through toll plazas without stopping for transactions. The tag can be purchased from official Tag issuers or participating Banks which are Made in India and if it is linked to a prepaid account, then recharging or top-up can be as per requirement. The minimum recharge amount is and can be done online. As per NHAI, FASTag has unlimited validity. 7.5% cashback offers were also provided to promote the use of FASTag. Dedicated Lanes at some Toll plazas have been built for FASTag. In January 2019, state-run oil marketing companies IOC, BPCL and HPCL have signed MoUs enabling the use of FASTag to make purchases at petrol pumps. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shaktikanta Das
Shaktikanta Das (born 26 February 1957) is a retired People of India, Indian bureaucrat and Indian Administrative Service, IAS officer who served as the 25th List of Governors of Reserve Bank of India, governor of the Reserve Bank of India. Since February 2025, he has been serving as the Principal Secretary to the Prime Minister of India, Narendra Modi. Das is a retired 1980batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre. He was earlier a member of the Fifteenth Finance Commission, FifteenthFinance Commission and India's Sherpa (emissary), Sherpa to the G20. During his career as an IAS officer, Das served in various capacities for Government of India, Central and Government of Tamil Nadu, Tamil Nadu State governments, including as Economic Affairs Secretary, Revenue Secretary, Secretary to the Government of India, Fertilizers Secretary. He has also served as India’s Alternate Governor in the World Bank, Asian Development Bank, ADB, New Development Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google Pay (mobile App)
Google Pay, also known as GPay, is a mobile payment application developed by Google Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial .... It allows users to make payments via smartphones using methods such as the Unified Payments Interface (UPI) in India and PayNow in Singapore. The app supports peer-to-peer (P2P) transfers, in-store payments via Near-field communication, NFC, online purchases, and bill payments. History Tez and rebranding Google Pay was originally launched in India as Tez (software), Tez in September 2017, built on the UPI system. In August 2018, it was rebranded as Google Pay to unify Google's payment platforms across global markets. The new app retained UPI features while adding broader payment capabilities. Expansion After success in India, Google Pay e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PhonePe
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. It was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface, went live in August 2016. The PhonePe app is accessible in 11 Indian languages. It enables users to perform various financial transactions such as sending and receiving money, recharging mobile and DTH, making utility payments, conducting in-store payments. History PhonePe was incorporated in December 2015. In April 2016, the company was acquired by Flipkart and as part of the acquisition, the FxMart license was transferred to PhonePe and rebranded as the PhonePe wallet. PhonePe's co-founder Sameer Nigam was appointed as the CEO of the company. In August 2016, the company partnered with Yes Bank to launch a UPI-based mobile payment app, based on the government-backed UPI platform. In 2022, they were launching internatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Network For Digital Commerce
Open Network for Digital Commerce (ONDC) is a public technology initiative launched by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India to foster decentralized open e-commerce model and is led by a private non-profit Section 8 company. It was incorporated on 31 December 2021 with initial investment from Quality Council of India and Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited). History ONDC is not an application, an intermediary, or software, but a set of specifications designed to foster open interchange and connections between shoppers, technology platforms, and retailers. ONDC was incorporated with the mission and vision of creating an inclusive ecosystem of e-commerce. On 5 July 2021, a nine-member Advisory Council was constituted by Department for Promotion of Industry and Internal Trade (DPIIT). The Quality Council of India (QCI) was tasked with incubating the ONDC based on open source met ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
