Bhim Rao Ambedkar, who is the inspiration behind the name given to India’s premier mobile payment app Bharat Interface for Money (BHIM), is fast replacing Mohandas Karamchand Gandhi as the face of new money in ‘New India’.
Developed by National Payments Corporation of India (NPCI), BHIM is based on Unified Payments Interface (UPI) and was launched by Prime Minister Narendra Modi on 30 December 2016, seven weeks after announcing the historic decision to demonetise high-denomination currency notes. Read More