NPCI announces open-source BHIM app licensing


The National Payments Corporation of India (NPCI) has announced the availability of an open-source licence model for the BHIM App. With this, regulated organisations such as banks taking part in the UPI ecosystem will have access to the BHIM App’s source code under licence.

This will assist regulated entities that do not have their own UPI apps and will enable them to launch their own UPI application. According to NPCI, many banks lack their own mobile banking apps and thus miss out on extending the benefits of the country’s largest retail payment system, UPI, to their customer base.

The BHIM App licencing model, which will be an affordable and quick-to-market solution for these entities, is how NPCI intends to close this gap by extending to these entities all the readily available UPI features.

NPCI promises that any new features added to the BHIM App in the future will be extended to these entities so that they can continue to use the app’s latest features.

To refresh your memory, NPCI created the BHIM (Bharat Interface for Money) app to enable faster, easier, and more secure online payments via smartphone. It was first introduced in 2017, with the goal of achieving “Digital Payments for All.” This latest move by NPCI will help them reach their goal more quickly.