BHIM – Bharat Interface for money App
The widely downloaded BHIM app has crossed a big milestone. On 9th January, 2017 when it crossed the 10 million downloads mark on the 10th day.
The Indian Prime Minister Narendra Modi on 30th December, 2016 launched the BHIM (Bharat Interface for Money) app at Talkatora Stadium in New Delhi. This Mobile App will enable you to send money securely to anyone. It can be done through a mobile phone with number. The App is based on Unified Payments Interface (UPI). This allows you to instantly transfer money between any two parties bank accounts. App is developed by National Payments Corporation of India (NPCI), a non-profit organization promoted by the Reserve Bank of India. NPCI aims to move India to a cashless society with only digital transactions.
App BHIM has been named after the socio-political reformer. Dr Bhimrao Ambedkar who was the first law minister of Independent India and the principal architect of the Constitution of India.
BHIM app better than UPI
All payments over Bharat Interface for Money, currently available on Android (Version 4.1.1 and above) only.They are linked to your bank account and transaction can be completed within few seconds. To start using Bharat Interface for Money all you need is a Smartphone, Internet access, an Indian bank account that supports UPI payments and mobile number registered with the bank account. Link your bank account to UPI through the app. Your account need not be enabled for mobile banking to use Bharat Interface for Money. To enable transfers directly using your bank account, your bank needs to be live on UPI (Unified Payment Interface) platform. All the banks, which are currently live on UPI, have been listed in the Bharat Interface for Money (BHIM) app.
The App is currently available in Hindi and English. Support for more languages is expected soon. The app is running on Android OS only. NITI Aayog CEO Amitabh Kant has said that an iOS version of the app will be launched in approximately 10-12 days. Thus it maybe launched on 12th or 13th January .