The Indian IT Ministry on Monday unveiled a slew of new initiatives and programmes, including BHIM 2.0 that packs in new functionalities, supports additional languages, and has increased transaction limits.
Union Minister Ravi Shankar Prasad also launched a StartUp Hub portal and the Indian Software Product Registry at the IT Ministry’s ‘MeitY Start-up Summit’. The portal is to work like a social media platform for all the stakeholders of the ecosystem, including incubators, accelerators, mentors, angel funds, and venture capitalists.
The BHIM app, a UPI-based payment interface developed by the National Payments Corporation of India (NPCI), allows real-time fund transfer and was launched in December 2016.”In order to make the BHIM app more feature-rich and effective, it has been enhanced with a bunch of new functionalities. Some of the striking features marking BHIM 2.0 include a ‘Donation’ gateway, increased transaction limits for high value transactions, linking multiple bank accounts, offers from merchants, option of applying in IPO, gifting money…,” an official release said.
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