PM Modi Launches Mobile Payment App BHIM; Know About It

The Logical Indian

December 30th, 2016 / 6:38 PM

BHIM App

Source: financialexpress | Image Courtesy: dainikbhaskar | indianexpress

Prime Minister Narendra Modi has launched the BHIM (Bharat Interface for Money) mobile app to make digital payments and transactions easier for citizens. Named after BR Ambedkar, the BHIM app can be downloaded from any Android phone and is a part of the Government’s push towards digital payments following the note demonetization of 8 November.

The Prime Minister launched the new app at Talkatora Stadium, Delhi. “Download it on a smartphone or on a feature phone. It is not necessary to have the internet for this app. In the next two weeks, one more work is being done, which will increase the power of BHIM so much that you would be able to withdraw money even with your fingerprints,” he said at the event.

The BHIM app is a simpler version of Unified Payment Interface (UPI) apps that rose in popularity in the past weeks. The BHIM app is about 2 MB in size.

On starting the app, an SMS will be sent to the user’s registered mobile number for confirmation. After this, a 4-digit passcode will be sent following which the bank user has to choose their bank/s.

The user will have the option to send money, request money or scan and pay using a QR Code. By default, the user’s registered mobile number is their UPI address. That is, if the user’s mobile number is 9*******23, their UPI address will be 9*******[email protected]

Users with accounts in more than one bank can switch between banks within the app. The transaction takes place digitally and within seconds. The payment system works 24/7 on all days of the year. Users can transfer anything between Rs 1 to Rs 20,000 per day, with individual transactions mandated to be within Rs. 10,000.


 




Also read: RBI Launches UPI, Which Turns Your Smartphone Into Bank. Know About It


Contributors

Written by :

Edited by :

Share your thoughts..

Related Stories

Rupay Bhim Growing

Homegrown RuPay & BHIM UPI Are Giving A Tough Time To Giants Like Visa & Mastercard

Ayushman Bharat

PM Modi Launches Ayushman Bharat Yojna: Know All About It

Prime Minister Modi Launches India Post Payment Bank To Deliver Doorstep Banking Services

BHIM app cashback

No Cashback Since June, BHIM App Users Take To Social Media Saying They Feel Cheated

Woman Complains Of Aadhaar Getting Linked To 9 Mobile No. Without Her Knowledge, UIDAI Replies, “Now You Know’’

Govt’s Mobile Payment App BHIM Updated; Know About It

Latest on The Logical Indian

Legal

Contempt Notice Issued To Rahul Gandhi For Attributing “Chowkidar Chor Hai” Remark To Supreme Court

Get Inspired

A Daughter Like No Other: Girl Donates 65% Of Liver To Her Ailing Father To Save His Life

News

Situation In West Bengal Like Bihar 15 Yrs Ago, Says EC Special Observer Over Violence In State

News

“Will Popularise Cow Urine After I Win The Elections,” Says Sadhvi Pragya

Awareness

How CJI Being On Bench That Judged The Allegations Of Sexual Assault Against Him “Threatens The Judiciary”

Legal

SC Orders Rs 50 Lakh Compensation To Gujarat Riots Victim Bilkis Bano; Know About Her

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.