The National Payments Corporation of India wants all the public sector banks in the country are integrated with the Bharat Interface for Money or BHIM by end-February and is working towards this. A.P. Hota, MD and CEO of NPCI, said in a statement the public sector banks, which will go live very soon on the platform are Corporation Bank, Punjab and Sindh Bank and five associates of State Bank of India. NPCI is working with these seven banks to ensure that all of them are a part of the platform by the end of this month. Currently, 37 banks have integrated their systems to BHIM, including State Bank of India, Bank of India, Bank of Baroda and Union Bank of India. With the 7 banks joining the platform very soon, all the public sector banks will be a part of BHIM’s interface. BHIM was launched on 30 December to promote digital transactions using the Unified Payments Interface (UPI), a bank-to-bank fund transfer system backed by internet and smartphones, using phone numbers linked to banks. NPCI said till 31 January, 13.8 million customers downloaded the app out of which 3.6 million customers have linked the app to their bank account.
