Press Esc to close
Friday 26 May 2017
News updated at 2:09 AM IST

BHIM app to enable fast, secure cashless payments via mobiles

New Delhi, Dec 30, 2016, PTI: 21:37 IST
The e-wallet app is known as BHIM app, which was named after Bhabasaheb Ambedkar. PTI file photo
In a bid to further push adoption of e-payments in the country, Prime Minister Narendra Modi today launched an indigenous digital payments app 'BHIM' that will enable fast and secure cashless transactions using mobile phones.

Named after the architect of the Indian Constitution, Babasaheb Bhim Rao Ambedkar, the Bharat Interface for Money (BHIM) is a simplified payment platform designed to make Unified Payment Interface (UPI) and USSD payment modes simpler and usable across feature phones and smart phones.

"The day is not far, when people will conduct their business through this app...It is a simple app and you can download it on your smartphones or feature phones. You don't even require internet connection for this," Modi said in his address at 'DigiDhan Mela' here.

The government had announced scrapping of old Rs 500 and 1,000 notes on November 8. While this led to a cash crunch and serpentine queues at banks and ATMs, the decision also pushed uptake of digital payments in the country.

Developed by National Payment Corporation of India (NPCI), BHIM is supported by host of banks, including State Bank of India, ICICI Bank, Axis Bank, HDFC Bank, Bank of India, Canara Bank, Kotak Mahindra Bank, Oriental Bank of Commerce and Punjab National Bank, among others.

The app, which can be downloaded from Google Playstore, is currently available in Hindi and English, and support for more languages is expected soon. BHIM is interoperable with other Unified Payment Interface (UPI) applications and bank accounts.

"We all want our country to develop, become economically stronger and a resurgent nation. Through Digital India initiative, the country has take a giant leap towards that direction," IT Minister Ravi Shankar Prasad said.

Users can register their bank account with BHIM, and set a UPI PIN for the account. The mobile number then acts as the user's identifier, enabling transactions like sending or receiving money.

NITI Aayog CEO Amitabh Kant said, "It is only a matter of time before the entire country goes digital."

Digital payments company MobiKwik's Founder and CEO Bipin Preet Singh said this will further strengthen digital payment system and add to building of a cashless economy.

"Going forward, we hope that provisions would be made for adding e-wallets on UPI enabling people to pay through bank accounts or e-wallets using the BHIM app," Singh added.

Trupay Co-Founder Rahul Gochhwal said, "UPI is the most advanced payment system in the world. This will develop the overall payments ecosystem in the country."

Go to Top

Photo Gallery
German Chancellor Angela Merkel (R-L), former US President Barack Obama and Heinrich...

German Chancellor Angela Merkel (R-L), former US President Barack Obama and Heinrich...

External Affairs Minister Sushma Swaraj greeting Indian woman Uzma at Jawahar Bhawan after she...

External Affairs Minister Sushma Swaraj greeting Indian woman Uzma at Jawahar Bhawan after she...

Police officials stand by the wreckage of the Sikorsky VT-CMM helicopter, carrying Maharashtra...

Police officials stand by the wreckage of the Sikorsky VT-CMM helicopter, carrying Maharashtra...

Supporters of Indias Bharatiya Janata Party (BJP) try to break a police barricade during...

Supporters of Indias Bharatiya Janata Party (BJP) try to break a police barricade during...

A supporter of Bharatiya Janata Party (BJP) smashes an overturned car during a protest against...

A supporter of Bharatiya Janata Party (BJP) smashes an overturned car during a protest against...

Members of Sadou Asom Nirman Sramik Union under the banner of CITU staging a protest...

Members of Sadou Asom Nirman Sramik Union under the banner of CITU staging a protest...

Pakistan occupied Kashmir (PoK) refugees shouting slogans during a protest for their various...

Pakistan occupied Kashmir (PoK) refugees shouting slogans during a protest for their various...

Activists of All Bodo Students Union (ABSU) taking out a protest rally against an alleged fake...

Activists of All Bodo Students Union (ABSU) taking out a protest rally against an alleged fake...

NCC cadets of Jammu and Kashmir unit raising patriotic slogans after performing drills during...

NCC cadets of Jammu and Kashmir unit raising patriotic slogans after performing drills during...

Relatives and villagers attending the funeral of eight activists who had lost their lives...

Relatives and villagers attending the funeral of eight activists who had lost their lives...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.