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Canara Bank offers Unified Payment Interface (UPI) app named "empower". This app empowers Canara Bank and other Bank customers to perform pay and collect transactions using a single mobile app. On 19 November 2017, it launched Canarites (Candi) app, [ 30 ] a digital library, a field recovery mobile app, a retail loan (vehicle) – tracking ...
Indian Banks started making their UPI-enabled apps available on Google Play on 25 August 2016. With UPI, India maintains its position as the global leader in instant payments, accounting for 46% of all global instant payment transactions in 2022. [7] [8] As of November 2022, the platform had over 300 million monthly active users in India.
Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. [29] It offers insurance products for financial planning and security. [ 30 ] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India. [ 31 ]
Navi launched its UPI offering, Navi UPI, in August 2023. It has rapidly become one of the fastest-growing UPI platforms. By June 2024, the platform has already recorded a 12-fold increase in growth on Android compared to March 2024. During this period, Navi UPI advanced from the 27th to the 11th position among the top UPI apps. As of the month ...
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Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$41 billion), as of June 2024.
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.
The PhonePe app, based on the Unified Payments Interface, went live in August 2016. [9] [10] The PhonePe app is accessible in 11 Indian languages. [11] It enables users to perform various financial transactions such as sending and receiving money, recharging mobile and DTH, making utility payments, conducting in-store payments. [12] [13]