Indigenously developed payment application BHIM (Bharat Interface for Money) celebrated its sixth anniversary

Indigenously developed payment application BHIM (Bharat Interface for Money) celebrated its sixth day. BHIM App was launched on 30 Dec 2016 by Prime Minister Narendra Modi. BHIM stands for Asian nation Interface for cash. It’s a biometric payment systems app mistreatment the Aadhar platform and is predicated on a Unified Payment Interface (UPI) to facilitate e-payment directly through the bank.

It are often used on all mobile devices whether or not it’s a smartphone or feature phone or a phone while not a web affiliation. The payments through the BHIM App are often created with simply a thumb impression once the checking account is joined with the Aadhar entrance.

BHIM Interface for cash is an Indian mobile payment app developed by the National Payments Corporation of India (NPCI) supported the Unified Payments Interface (UPI). It’s supposed to facilitate e-payment directly through banks and encourage cashless transactions. It absolutely was named once the good Dalit leader Dr. Bhimrao Ambedkar. The appliance supports all Indian banks that use UPI, that is made over the payment Service (IMPS) infrastructure and permits the user to instantly transfer cash between 170-member Banks of any 2 parties.