Learn about BHIM app & precautions while banking online. Hindi Guide for Digital India, Cashless India, Aadhar, UPI, BHIM App & E-Wallet.
Bharat Interface for Money (BHIM) is an initiative, part of Digital India to enable fast, secure, reliable cashless payments through your mobile phone. BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. BHIM is developed by the NPCI to support Indian government's Digital India initiative.
Send / Receive Money: Send money to or receive money from friends, family and customers through a mobile number or payment address. Money can also be sent to non UPI supported banks using IFSC and MMID. You can also collect money by sending a request and reverse payments if required.
Hindi Guide for Digital India, Paytm, Aadhar, UPI, BHIM App & E-Wallet
The key aspects of the Unified Payments Interface are:
a) The Unified Payments Interface permits payments via mobile app etc.
b) The payments can be both sender (payer) and receiver (payee) initiated.
c) The payments are carried out in a secure manner aligned with the extant RBI guidelines.
d) The payments can be done using Virtual Address, Aadhaar Number, Account Number & Indian Financial System code (IFSC), Mobile Number & MMID (Mobile Money Identifier).
e) The payment uses 1-click 2-factor authentication, Biometric Authentication and use of payer’s smartphone for secure credential capture etc. are other unique features.
f) This is a part of Indian government's Digital India effort.