In an attempt to push digital payment throughout the country, Prime Minister Narendra Modi launched an app named as ‘BHIM (Bharat Interface for Money)’ on Google Play Store, that aims to enable faster, easier and secure online payment through a smartphone. Developed by National Payment Corporation of India (NPCI), BHIM app has overtook all other popular apps including Whatsapp, Facebook, MyJio and topped Google Play Store.
Named after Bhim Rao Ambedkar, this app is currently available in just Hindi and English, while the support for other languages will be increased gradually in the upcoming days. Users can register their bank account with BHIM and set a UPI PIN for the account as well. Moreover, your registered mobile number will become the payment address when you transact through BHIM app. There is a Rs. 10,000 per transaction limit and Rs. 20,000 per day for BHIM. For larger transactions, you will still have to use a credit or debit card, or IFSC or another form of net banking.
Currently, BHIM is supported by a range of banks including State Bank of India, ICICI Bank, Axis Bank, HDFC Bank, Bank of India, Canara Bank, Kotak Mahindra Bank, Oriental Bank of Commerce, Punjab National Bank and much more. Also, money can be sent to non-UPI supported banks as well using IFSC and MMID.
#Bhim app has d simplest, easiest user interface amongst all Payment products globally! Two million downloads already! Soon on iOS !— Amitabh Kant (@amitabhk87) December 31, 2016
Additionally, Modi said that the app is being improved so that in future payment can be made by using thumbprint. It is currently available only on Android and will launch for iOS soon.