For every successful referral, users can earn Rs 10: PM Modi launches incentive scheme for BHIM

NEW DELHI: Prime Minister Narendra Modi today announced incentive program for BHIM digital payment platform, saying for every successful referral, users can earn Rs 10.

The prime minister formally launched the merchant interface of the Aadhaar-linked Bharat Interface for Money (BHIM) mobile application. This will enable Indian citizens to make digital payments using their biometric data such as their thumb imprint on a merchant's biometric enabled device. The PM also launched two new incentive schemes for the BHIM — cashback and referral bonus — with an outlay of Rs 495 crore for a period of six months.

He also distributed awards to winners of the Lucky Grahak Yojana and DigiDhan Vyapar Yojna. These schemes were launched last year to promote digital payments in India.

Highlights of PM Modi's speech:

►I am honoured to have got the opportunity to pray at Deekshabhoomi

►Dr Ambedkar did not have a trace of bitterness or revenge in him. This was is speciality

►One of the sectors towards which we are devoting significant effort is the renewable energy sector

►Energy sector is of great vitality in the 21st century

►One of the sectors towards which we are devoting significant effort is the renewable energy sector

►Each and every Indian must have his or her own house. And that house must be equipped with electricity, water & other facilities

►People of India gave their lives so that India attains freedom. Our freedom is the result of the sacrifices made by several greats

►Digi Dhan set to become 'Niji Dhan' for poor

►Benefits of the projects inaugurated today will help our youngsters

►The BHIM App is positively impacting several lives across the nation

►We are reaching a time when the mobiles phones will be where financial transactions will take place

►This DigiDhan movement is a Safai Abhiyaan. It is to fight the menace of corruption

►Aadhaar Pay comes with incentives for merchants and customers-cash back and referral bonus.

►Under the referral bonus scheme, both the existing user who refers BHIM and the new user who adopts BHIM would get a cash bonus credited directly to their account.

►Under the cashback scheme, the merchants will get a cashback on every transaction using BHIM.

►PM Modi announces incentive program for BHIM digital payment platform - for every successful referral, users can earn Rs 10
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