PUNE: BHIM Payments App, developed by NPCI BHIM Services Limited (NBSL), combines innovation and simplicity to redefine digital payments in India. It supports 15+ Indian languages, including Marathi, making digital payments accessible across urban, rural, and semi-urban users. The app is optimised for low connectivity, ensuring smooth transactions even in weak network areas. Designed for seamless use across all age groups, the app has an ad-free, clutter-free interface.

BHIM has steadily scaled in reach and usage, reflecting growing user trust. In June 2025, the app processed 79.58 million transactions worth ₹12,110 crore, a growth of nearly 212% in volume and 46% in value compared to June 2024. It also provides advanced money management tools to track, manage, and split expenses, helping users stay more organised in their financial routines.

NPCI BHIM Services Limited (NBSL) was incorporated in 2024 as a wholly owned subsidiary of the National Payments Corporation of India (NPCI). The new BHIM Payments App, introduced in March 2025, represents the third evolution since its launch in 2016 by Prime Minister Narendra Modi.

Lalitha Nataraj, MD & CEO, NBSL, said, “BHIM Payments App is designed to meet the needs of today’s users in the fast-evolving world of digital payments. Built for Bharat, it prioritises safety, convenience, and inclusion. It reduces cash dependency with seamless small-value transactions, even in low-connectivity areas. The App enhances the user experience while promoting financial empowerment across all sections of society.”

Enhanced Features for Users

• Split Expenses – Users can now split bills with friends and family seamlessly. Whether it’s dining out, rent payments, or group purchases, the BHIM app allows users to divide expenses and make payments directly, ensuring hassle-free settlements.
• Family Mode – Users can now onboard family members, track shared expenses, and assign specific payments. This feature enables better financial planning by giving families a consolidated view of their expenses.
• Spends Analytics – The new dashboard offers an intuitive view of a user’s monthly spending patterns for the spends done on the BHIM App. It automatically categorises expenses, helping users analyse and manage their budget without needing complex spreadsheets.
• Action Needed – A built-in task assistant that reminds users of pending bills linked to the BHIM app, prompts them to enable UPI Lite, and alerts them when their Lite balance is low. It ensures users stay on top of their financial activities.
• UPI Circle (Partial delegation for UPI transactions) – Empowers users to extend limited payment rights to trusted individuals. A primary account holder can authorise up to five secondary users to initiate payments from their account. Every transaction initiated by a secondary user requires explicit approval through the primary user’s UPI PIN on the BHIM app. The app also provides real-time visibility of all such transactions, ensuring complete transparency, control, and oversight for the primary user.

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INDIA: Axis Bank, one of the largest private sector Banks in India, today announced that it has collaborated with boAt, India’s No.1 wearable brand, and Mastercard, a global technology leader in payments, to seamlessly integrate tap & pay NFC enabled payments for its newly launched ‘Wave Fortune’, a cutting-edge smartwatch. Priced competitively at ₹3,299 (₹2,599 during special offers), Wave Fortune is designed to empower users with convenience, security, and a next-level smartwatch experience.

Axis Bank cardholders can now securely tokenize and store their debit and credit cards on the WAVE Fortune Smartwatch via Crest Pay, boAt’s official payment app, and make contactless payments effortlessly. This feature, powered by Mastercard’s tokenization technology and supported by the robust token requestor infrastructure of TAPPY Technologies, allows single-step payment of up to ₹5,000 on a POS device without entering the card PIN, ensuring both speed and security.

Powered by Mastercard, the payment system allows users to securely tokenize and store their cards within the smartwatch strap for quick and seamless transactions. Axis Bank credit and debit cardholders on Mastercard and VISA networks will continue to enjoy the rewards and benefits of their linked card while making payments with the Wave Fortune smartwatch.

Commenting on the partnership, Arnika Dixit, President & Head – Cards, Payments and Wealth Management, Axis Bank, said, “At Axis Bank, we have been continuously working on innovation-led partnership models to offer innovative and secure digital banking solutions to customers. In this effort, we are delighted to have partnered with boAt to truly make payments on the go, seamlessly integrating contactless payments into people’s day-to-day lives. Bringing in our expertise in tokenized contactless payments, ‘Wave Fortune’, a cutting-edge smartwatch will allow users with the highest standards of safety and security, combined with a quick and convenient payment experience.”

Sameer Mehta, Co-founder and CEO, boAt, said, “At boAt, we are always striving to push the boundaries of technology to enhance everyday convenience. Our partnership with Axis Bank brings secure, effortless payments to the wrist, making contactless transactions more accessible than ever.”

Gautam Aggarwal, Division President, South Asia at Mastercard, said, “Shortly, payments will be gesture-based — integrated into our daily routines, with transactions occurring in a frictionless manner. Wearable devices, irrespective of the form factor, will play a key role in this evolution, offering quick and secure payment experiences. As a company committed to shaping the future of commerce, Mastercard is delighted to power the tokenization-enabled smartwatch, empowering users to pay with their credit or debit cards.”

Additional Product Highlights – Wave Fortune Smartwatch:

In addition to its contactless payment functionality, the Wave Fortune smartwatch is designed to keep users connected, stylish, and productive – whether at the gym, on the move, or in business settings. It brings secure, on-the-go payments to the wrist and reflects boAt’s vision of merging convenience with innovation to create lifestyle-driven wearables.

A Display That Shines, Features That Deliver

• Vivid 1.96” HD display with 240×282 resolution and 550 nits brightness for exceptional clarity – even under direct sunlight
• Wake gesture for quick access to time and notifications
• DIY Watch Face Studio to personalize your home screen with images, themes, or artworks

Fitness and Utility Built-In

• Earn boAt Coins by achieving fitness milestones – redeemable for boAt offers
• Ultra-clear Bluetooth Calling, interactive dial pad, contact saving, and direct access to Crest Pay

The Wave Fortune smartwatch is now available in Active Black on the [boAt website].

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The signing of the MoU between Vakilsearch and PingPong Payments is significant as it demonstrates a commitment by both companies to work together to offer Indian businesses the necessary tools and resources to succeed in the global market. The partnership aims at enabling Indian businesses to access PingPong’s global payment platform, which allows them to easily process cross-border transactions, as well as Vakilsearch’s legal services, which can help them navigate the complex legal and regulatory requirements of doing business internationally.

The partnership will also help Indian businesses to access PingPong’s network of global merchants, which can help them expand their customer base and increase their revenue potential. Additionally, PingPong’s platform will allow Indian businesses to deal in a wide range of foreign currencies which can help them mitigate the risk of currency fluctuations.

Vakilsearch and PingPong Payments will work together to provide Indian businesses with training and support to help them take advantage of the international business opportunities available to them through access to a diverse range of resources, such as guides and webinars.

The partnership between Vakilsearch and PingPong Payments is an important step towards helping Indian business houses succeed in the global market. The two companies have a shared vision of helping businesses expand their reach and access newer markets. This partnership will help in making it a reality.

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