Past a few years, India has experienced a great boost to digital payments. The Bharat Interface for Money (BHIM) app is one of such initiatives. It was on 30th December, 2016, BHIM app was launched by the Honourable Prime Minister of India, Narendra Modi. BHIM is a mobile payment app developed by NPCI (National Payment Corporation of India). This mobile app allows you to make bank transfers and payments to other Unified Payment Interface (UPI) applications. It also accepts and lets you do Aadhaar number based payments.
Below-given are some of the BHIM app features:
You can access the app on both iOS and Android-based mobile handsets. Below-given are steps to download and start with the BHIM app
The Government of India introduced the Bharat Interface for Money app to facilitate cashless payments. Here are some of ways BHIM app could be useful for you:
BHIM Aadhaar Pay is a payment interface based on Aadhaar. With Aadhaar number or Virtual ID of the customer, you can make real time payment to merchants. This system also allows merchants authenticate the customer through their biometrics. BHIM Aadhaar Pay thus allows merchants to get payments from customers digitally and over-the-counter through Aadhaar authentication. Merchants associated with a bank registered on this app can accept payment from individuals of any bank by authentication of biometrics.
On this app, merchants can access transaction history to see if the transaction has been successful, pending, or failed. As for you being a customer, it is possible to pay using Virtual ID/Aadhaar number and biometrics at all locations where merchants accept BHIM Aadhaar Pay.
Here are a few tips on how to use the BHIM mobile app:
If you want to send money to an individual or merchant, then follow the below-mentioned steps:
You can transfer an amount through the option, ‘Scan & Pay’. To do the transaction, a QR code is used which is scanned to authorize the transaction. This method allows shopkeepers and merchants to accept money via QR code scan. Follow the below-given steps to pay/receive money through this method:
If you wish to put a request for money transfer to another individual, then follow the below-given steps:
The BHIM App is a reliable platform to send and receive money digitally. It replaces the need of making payment through credit card, debit card, or cash. The app makes you use your mobile umber and fingerprint scan to accept and make payments, quickly. The quick payments are possible, because this app uses the IMPS method. By using this mobile app, you do not have to remember your card/bank details over and again. Bharat Interface for Money Application is thus, a buddy for everyone who wants to make a cashless transaction.
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