Home / Software & Service News / BHIM app will replace all cash transactions in India: PM Modi

BHIM app will replace all cash transactions in India: PM Modi

Https%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f332875%2f638fea67-a711-4298-9585-0687bd55cb40

Feed-twFeed-fb

India’s Prime Minister Narendra Modi today announced a new app to encourage more Indians to pay online in the aftermath of invalidation of most circulated cash last month

Called Bharat Interface for Money (BHIM), the app works on top of the country’s UPI mobile banking platform and uses a mobile number as the payment address. The app, which has the simplest user interface for any UPI-enabled app to date, is positioned as a substitute for plastic cards and point-of-sale terminals. 

To use BHIM app, a user is required to register their bank account with the app, set a UPI PIN for the account, and use their mobile number as payment address. Users also have the option create a custom payment address. The biggest selling point for the app is it works across all banks and users do not need to use separate apps in case they have multiple accounts in different banks.  Read more…

More about Demonetization, Narendra Modi, Bhim App, India, and Tech
Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Uber investor departs Shervin Pishevar Sherpa Capital amid sexual harassment claims

(Reuters) — Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct. Pishevar, who has denied the accusations, said in a statement provided by his lawyer that he was voluntarily […]

css.php