The government will launch within a month two schemes — the Referral Bonus Scheme for individuals and Cash-back Scheme for merchants — to promote the indigenous digital payments app BHIM. Also Read - Warning! Delete these 20 malicious apps immediately promising Minecraft modsAlso Read - 5 best Yoga apps for iOS in 2021: Use these apps and start your journey to fitness
“We have completed inter-ministerial discussion. Cashback schemes announced in the Budget 2017-18 would be implemented in one month,” Niti Aayog CEO Amitabh Kant said at a press meet.
The Bharat Interface for Money (BHIM) app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. “There has been over 17 million downloads of the BHIM app so far,” Kant said. ALSO READ: BHIM app has crossed 17 million downloads: NITI Aayog CEO Amitabh Kant
Finance Minister Arun Jaitley in his Budget speech for 2017-18 had said, “Already there is evidence of increased digital transactions. The BHIM app has been launched. It will unleash the power of mobile phones for digital payments and financial inclusion.”