The newly launched BHIM app by our Prime Minister Narendra Modi is now trending everywhere. So now we have thought to provide you all the information regarding this app so that you can start using this app right away!
BHIM stands for Bharat Interface for Money, which is an initiative by the Government of India to make sure that all the cashless payments through your mobile phone are both fast and secured as well. BHIM is an app which can be easily integrated with all your bank accounts and UPI applications as well.
Talking to the developers, this app has been developed by NPCI which stands for National Payment Corporation of India. So now you might be wondering why did PM Modi launch this app, the answer is simple. BHIM app has been launched to give direct competition to PayTm.
Now let us see what are the different types of transactions which can be done via BHIM app.
1.Send money via Permanent Address
2.Send money via Aadhar Number
3.Request or Send money to Mobile Number.
4. Send money through MMID, Mobile Number.
5. Send money through IFSC Code, Account Number.
6. Scan and Pay for all the Merchant Payments