BHIM App 'Paytm-rival' Introduce By PM Narendra ModiBHIM App 'Paytm-rival' Introduce By PM Narendra Modi

In New Delhi, Digi Dhan Mela event in Talkatora stadium where Prime Minister Narendra Modi introduced an app called BHIM (Bharat Interface for Money) to sponsor digital transactions. PM Modi said that BHIM will be the world’s largest amazement. Although we all were waiting for this simple mobile payment app to go cashless and it’s here for the entire individual in India.

This app is the remake edition of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data). BHIM has been building up by NPCI (National Payments Corporation of India). Its size is about 2MB. The apps like Paytm, Mobikwik, Freecharge and other mobile payment have become immensely widely held after the declaration of Rs 500 and Rs1000 prohibition on 8th November.

Users Can Download BHIM App From Google Play

At the same time as PM Modi debut the app he made the payment to Khaadi. He also makes the people happy by declaring the winners of Lucky Graham Yojana. The new app should become usual to reduce the function of plastic cards and to make the society cashless the point of sale (PoS) machines should be made important equipment.

The BHIM app will help to get rid of charge payment to the assistance source like card companies (Mastercard or Visa). The usage of the digital payment was undertaken by many retailers. For some people, mobile payments have made inexpensive for the dealer in faraway villages. This app wishes to run on an Android or iOS phone, in Android (version 8 and above) and iOS smartphones (version 5 and above).

Now let’s know, how the BHIM app work?

The dealer should download the Aadhaar cashless merchant app on their smartphones which are linked to a biometric reader, now currently available for Rs 2,000. The customer will then feed his or her Aadhar number into the app. Then select the bank by which the transaction will take place, the biometric scan will work as a password for the transaction to be valid.

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