How to earn money on every transactions
Now the user who uses mobile wallet such as PhonePe, Tej, Paytm,gets cashback on every transaction. This amount starts from 25 rupees to 300 rupees. Because of cashback, more and more people use the app for all these companies. People used to have no such advantage when using Bhim App.
In December 2016, Prime Minister Narendra Modi launched Bhim App. Initially, the Bhim App was used by most people, and in August 2017 it had a share of 40.5%. But in February 2018, it dropped to just 5.75 per cent.
The central government has increased the incentives available to the traders for transfers of up to 10,000 rupees to 0.50 per cent. Earlier it was 0.25 percent. For the first time, those who used Bhim App would get a cashback of Rs. 51 for transaction of 100 rupees. After this, there will be 25 rupees per transaction on 20 unique transactions. After this, a cashback of Rs 200 will be given for 100 rupees and 51-100 transactions on 26-50 transactions.
Now the user who uses mobile wallet such as PhonePe, Tej, Paytm,gets cashback on every transaction. This amount starts from 25 rupees to 300 rupees. Because of cashback, more and more people use the app for all these companies. People used to have no such advantage when using Bhim App.
In December 2016, Prime Minister Narendra Modi launched Bhim App. Initially, the Bhim App was used by most people, and in August 2017 it had a share of 40.5%. But in February 2018, it dropped to just 5.75 per cent.
The central government has increased the incentives available to the traders for transfers of up to 10,000 rupees to 0.50 per cent. Earlier it was 0.25 percent. For the first time, those who used Bhim App would get a cashback of Rs. 51 for transaction of 100 rupees. After this, there will be 25 rupees per transaction on 20 unique transactions. After this, a cashback of Rs 200 will be given for 100 rupees and 51-100 transactions on 26-50 transactions.
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