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BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
In February 2017, the Unique Identification Authority of India filed a police complaint after confirming that Axis Bank, a private banking institution, Suvidhaa Infoserve (a business news reporter) and eMudhra (an agency providing e-signature services) had illegally accessed the Aadhaar database and further, had impersonated people after ...
The Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016 is a money bill of the Parliament of India. It aims to provide legal backing to the Aadhaar unique identification number project.
CAMS was founded in early 1988 by V Shankar working in software development and computer education. During Y2K, CAMS pivoted to domestic financial services.. The Indian financial services industry experienced a renaissance in the period 1997/8-2006/7, with changes in regulation, products, and supporting infrastructure.
India's Aadhar data breach was one of the biggest data breaches in 2018. In early 2018, Indian government's identification database Aadhaar (similar to SSN) was reported to be leaking information on every registered Indian citizens [10] including names, bank details and other private information like biometric data. [11]
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National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the 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.
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