Government Ropes in ICICI Bank to Enable Cashless Payments on e-NAM

The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM).

At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards, and net banking. ICICI Bank will enable BHIM (Bharat Interface for Money) and Unified Payments Interface (UPI) on the e-NAM portal for making cashless payments.

Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • The e-NAM platform was launched in April 2016.
  • ICICI CEO- Chanda Kochhar, Headquarter- Mumbai.
Source- Firstpost