Prime Minister Shri Narendra Modi showed yesterday satissfied by the 10 million downloads of BHIM (Bharat Interface for Money) app registered in just 10 days.
“Delighted to know that in a span of 10 days there have been over 10 million downloads of the BHIM app”, Modi said.
“The BHIM app is a fine example of Make in India & how technology is being effectively used to end the menace of corruption & black money”, the Prime Minister of India added.
BHIM app was officially launched last 30th December with the support of the Prime Minister of India Narendra Modi at the DigiDhan Mela, held in New Delhi.
What BHIM app is and how it works
BHIM is a biometric payment system app using Aadhar platform, and is based on Unified Payment Interface (UPI) to facilitate e-payments directly through bank.
It can be used on all mobile devices, be it a smartphone or a feature phone with or without internet connection
The payments through the new system (BHIM App) can be made by just a thumb impression after the bank account is linked with Aadhaar gateway. Among other things, BHIM will empower the poorest, small business and the marginated people in India.
The app can be used to send and receive money through smartphones. Money can also be sent to non UPI supported banks. Bank balance can also be checked through the app. Currently Hindi and English are supported in the app, with more languages coming soon.
The new app is expected to minimise the role of plastic cards and point of sale machines. The BHIM app will eliminate fee payments for service providers like MasterCard and Visa, which has been a stumbling block in people switching to digital payments.
The e-wallet app will also feature fingerprint verification in future, “Only thumb will be needed to make a payment. Thumb will be your bank now”, Ramesh Jigajinagi (Union Minister of State for Drinking Water & Sanitation) underscored on 3rd Jaunary 2017. People should utilize the app and support this to curb black money and to create financial equality, he said.
Image over the headline.- The Prime Ministerof India, Shri Narendra Modi, launching a mobile app ‘BHIM’ to make digital payments easier, at the DigiDhan Mela, in New Delhi on December 30th, 2016. The Union Minister for Electronics & Information Technology and Law & Justice, Shri Ravi Shankar Prasad and the Minister of State for Electronics & Information Technology and Law & Justice, Shri P.P. Chaudhary are also seen in the image. © Press Information Bureau, Government of India.