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BHIM App: Bharat Interface for Money to Encourage Digital Transactions

Bharat Interface for Money

NPCI

NPCI (National Payments Corporation of India) On 24th July said its BHIM (Bharat Interface for Money) had crossed 16 millions of downloads and 4 millions of active customers and BHIM is going to Launch update with the new version app as soon as possible.

BHIM app is the only common place all over the nation to make simple, quick and easy payments.

Transactions through BHIM app is having a developed experience of growth with every month passing from when the NPIC had launched this app. This app was launched on December 30, 2016. Downloading the numbers up to 16 million is the remarkable record achieved towards the digital transactions and creating the society less-cash, said by A P Hota, MD, and CEO of NPCI.

BHIM App

BHIM app version 1.3 is a current app available at Google Play Store and Apple Store and further new update version 1.4 is going to be launched soon. As per the BHIM app, BHIM referral scheme is an operational process at present, where as the existing referrer (already in existing BHIM users) has to encourage the new referee (newly joined BHIM users) to download the app and BHIM’s mobile number should referral code.

BHIM a Mobile payment app

In BHIM app both referrer and referee (already existing user and newly existing user) to get their payment to stimulate greater investment, where the referee should have minimum 3 similar transactions with total value of Rs. 50. If the process is successfully completed, the referrer will get Rs. 10 the referee who had a paid the payment will get Rs. 25.

BHIM /UPI (Unified Payment Interface) is the smartphone based app which accepts simple, quick and easy payment transaction’s using Unified Payment Interface. You can also make a direct payments for the bank to bank instantly and can collect the money by the user phone number.

BHIM app is a unique payment solution with immediate send and collects request. For Virtual Payment Address (VPA) email is used or phone number as UPI or Account number and IFSC Code or Aadhaar Number as Payment Identifiers for sending or collecting the money instantly.

NPCI is a protecting force organization for retail payments in India. It was introduced under the guidance and support of a RBI (Reserve Bank of India) and IBA (Indian Bank’s Association).

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