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[1] [2] Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using credit cards, debit cards, mobile payments, and digital currencies such as bitcoin.
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The National Payments Corporation of India introduced a digital public infrastructure project called Unified Payments Interface in April 2016, which has helped the country attain digital ...
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.
Mobile Payment Forum of India (MPFI) is the umbrella organisation which is responsible for deploying mobile payments in India. [3] India is the world's largest-growing mobile payments market. [4] Mobile payment surpassed credit card transactions in 2021, clocking an annual value greater than $1 trillion. [5]
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Xiaomi Pay is the NFC cashless payment service supported by Xiaomi wearable products is listed below with the applicable banks. The availability of NFC may vary by country and region. Please see below for a list of countries or regions and banks that support cashless payments for each Xiaomi wearable product.
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