BHIM downloaded 3 million times, over 500,000 transactions made

BHIM downloaded 3 million times, over 500,000 transactions made

BHIM downloaded 3 million times, over 500,000 transactions made: Kant

In just four days since its launch, digital payments app BHIM has become the top app on Google Play Store in India and users have made over 5 lakh transactions so far, Niti Ayog CEO Amitabh Kant said.

“Bhim App – 3 million download since launch, No 1 on Play Store in India amongst all apps, over 500,000 transactions since launch. #MakeinIndia,” Kant said in a tweet.

In a bid to further push adoption of e-payments in the country, Prime Minister Narendra Modi on Friday, December 30 launched the BHIM app 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.

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 Play Store, 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.

The installation and setup of the BHIM app is quite simple. A user just need to register with the mobile number that is linked to his bank account. Once the setup is done, you can make payments, transfer and receive money directly to and from your bank account. You can read more about the process from our piece here.

Source by indiatoday…

Share:
loading...
Loading...

You may also like...

loading...