Prime Minister Narendra Modi has launched BHIM app today. This is UPI(Unified Payment Interface) based app featured for making simple digital payments directly from your bank account.
What is it?
This is the app through which you can send or request money to make a digital payment. Unlike other payment wallet you don’t need to load money into this as wallet, The money can be used from your bank account without any intermediate channel. The app is linked to your bank account directly. This will ease the transaction by removing the need to get the money from and to your bank account and add the money to wallet for the transaction.
How to use it?
Download the app, register with your bank account, set a UPI pin. Your mobile number is your address for the payment. You can do everything related to payment like sending/receiving money, check balance, scan a QR Code without sharing your phone number.
You can also send/receive money to non-UPI banks through IFSC code as you do with normal internet banking.You need to dial *99# to access it on featured phones. For this you need not to have an internet connection.
There is a minimum limit of Rs 10,000 per transaction and 20,000 for transaction within 24hrs.
The app is available on Playstore only. Soon to be published on iOS.
Download it from here:https://play.google.com/store/apps/details?id=in.org.npci.upiapp