BHIM UPI goes International

BHIM app has gone international with a pilot demo of BHIM UPI QR- based payments beginning at the Singapore FinTech Festival 2019.
This QR code-based system would allow anyone with a BHIM app to scan the SGQR at NETS terminals for payments in Singapore.
The project is being jointly developed by National Payments Corporation of India (NPCI) and Network for Electronic Transfers (NETS) of Singapore. It is targeted to go live by Feb 2020.
Bharat Interface for Money (BHIM) is a UPI based payment interface,Launched in December, 2016 and Developed by National Payments Corporation of India (NPCI).It Allows real time fund transfer.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
NPCI is an umbrella organisation for operating retail payments and settlement systems in India.
It is an initiative of Reserve Bank of India (RBI) and 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.
NPCI was setup in 2008 and headquartered in Mumbai,Maharashtra.
Non-Exe Chairman - Biswamohan Mahapatra
MD & CEO - Dilip Asbe