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Karnataka is the leader in the information technology sector in India and its capital, Bangalore, is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of ₹ 516.5 billion in the financial year 2006–07 which included ₹ 487 billion from software exports and ₹ 29.5 billion from hardware exports.
BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions. It was named after Bhimrao Ambedkar.
India. Owner. Karnataka Government. The Electricity Supply Companies, also known as ESCOMs, are responsible for electric power distribution in state of Karnataka. Its origin was in Karnataka Electricity Board. This distribution entity was incorporated to provide efficient and reliable electric power supply to the people of Karnataka state [1]
Mangalore Electricity Supply Company Limited. Mangalore Electricity Supply Company Limited (abbreviated as MESCOM) is an Indian electricity supplier to the districts of Karnataka namely Dakshina Kannada, Udupi district, Chickmagalur and Shimoga. It has its headquarters at Mangaluru. The company was formed on June 2002.
The National Payments Corporation of India is an organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India.
The Government of Karnataka, abbreviated as GoK or GOKA, or simply Karnataka Government, formerly Government of Mysore or Government of Mysore State is a democratically elected state body with the governor as the ceremonial head to govern the Southwest Indian state of Karnataka. The governor who is appointed for five years appoints the chief ...
Unified Payments Interface (UPI) Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
E-commerce payment system. An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping ...