PM Narendra Modi Launches Aadhaar Based Mobile Payment App Called BHIM (Download PDF)

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Prime Minister Narendra Modi launched a mobile app for the Unified Payment Interface (UPI). The application, which will be common across all banks and financial institutions, is called BHIM (Bharat Interface for Mobile). The central banking system was born out of a thesis written by Dr Ambedkar and the federal structural of independent India.

Bhim app, bhim google store

Bhim App, Bhim Google Store

Bhim app, bhim google store

Features of the App BHIM

  • BHIM is Aadhaar-based payments app developed by the National Payment Corporation of India (NPCI).
  • The app allows easily transferring money or making a payment from your bank account using only phone number.
  • It can work even on basic phones as it supports USSD payments.
  • It has mobile wallet facility in which money can be loaded.
  • Using it anyone can directly connect their phone to bank account like a debit card.
  • The app also allows user to scan a QR code.
  • The merchant can also generate his QR code through the app.
  • Payment can be done through scanning QR code.
  • Merchants can also use the BHIM app to receive money from a smartphone or Aadhaar Pay if customer has linked a bank account and Aadhaar ID.
  • Payments through this app are happening directly from and to bank accounts, so merchants don’t have to worry about transferring wallet earnings to the bank account.
Features of the app BHIM

Features of the App BHIM

Features of the app BHIM

  • All major UPI connected Indian banks accepts money through BHIM app.
  • Even banks not connected to UPI can receive money through BHIM through IFSC assigned to banks.
  • There is a Rs. 10,000 per transaction limit and Rs. 20,000 per day for BHIM.
  • The best part is – the payment system works 24 hours a day, 7 days a week and 365 days.

About Dr Ambedkar

  • Bhimrao Ramji Ambedkar, popularly known as Babasaheb, was an Indian jurist, economist, politician and social reformer who inspired the Dalit Buddhist Movement and campaigned against social discrimination.
  • Born: April 14, 1891, Mhow, MP
  • Died: December 6, 1956, Delhi
  • Awards: Bharat Ratna (posthumously)
Bhimrao Ramji Ambedkar

Bhimrao Ramji Ambedkar

Bhimrao Ramji Ambedkar

- Published/Last Modified on: January 1, 2017

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