ALL ABOUT BHIM APP
Hello readers, today I'm gonna describe you about the BHIM app.
You guys maybe heard this name at many places,but don't know about it,then just follow the article.
BHIM( BHarat Interface for Money ) is an app which is made for solution of digital payment service and based on Unified Payment Interface(UPI) by the National Payment Corporation of India(NPCI).
So, 1st question is
BHIM( BHarat Interface for Money ) is an app which is made for solution of digital payment service and based on Unified Payment Interface(UPI) by the National Payment Corporation of India(NPCI).
So, 1st question is
What is UPI?
UPI is a system launched on 11th April,2016 by which different bank account holders can transfer money between one bank to other bank without knowing other's a/c no. UPI users just need to make Virtual Private Address(VPA), which will look like {username@bankname}. This VPA will be used to tranfer the money.
How the BHIM works?
BHIM is now only available on the Android platform. The app can be used to transfer money to the VPA created on the app. The app also works for the non-UPI supported banks. For those banks users can transfer using Indian Financial System Code(IFSC), Mobile Money Identifier(MMID). People can also transfer using QR code. BHIM will also will allow users to transfer using Aadhaar card that can be used for transfer using fingerprint.
How to get the App?
The app can be downloaded from the Play Store from this link.
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