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of <h1>India's Digital Payment Boom: BHIM App Hits 1.9 Crore Downloads, Digital Transactions Surge 23-Fold Since 2016.</h1> The digital payment revolution in India, led by initiatives like Lucky Grahak Yojana and Digi Dhan Vyapar Yojana, has significantly expanded since December 2016. Over 100 Digi Dhan Melas across 27 states and 7 union territories have facilitated the opening of new bank accounts and Aadhaar cards for lakhs. The BHIM App achieved 1.9 crore downloads within four months, contributing to a 23-fold increase in digital transactions. Aadhaar-enabled payments and IMPS transactions have also surged. The government has introduced cash back and referral bonus schemes to promote digital payments, aiming for 2500 crore digital transactions in the financial year.
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