Is BHIM the One?

Will BHIM be the only payment app we will all need in 2017?

Here’s what we know so far about BHIM (Bharat Interface for Money):

  • Money transfer is via secure UPI (Unified Payment Interface ) and linkage to your bank account.
  • You can send and receive money instantly, 24*7, using this app. It also enables transfers by scanning a QR code.
  • It will be Aadhar-enabled soon. That means just your biometric scan (fingerprint) will be enough.
  • Available on Android and coming to iOS soon. (https://play.google.com/store/apps/details…)
  • On registration, you will be allotted a unique id – default UPI address in the format <your_phone_number>@upi
    This can be customised later to say dolphin@upi
  • Over 30 banks are currently part of the UPI network

    Do try it out too and let us know how it goes! We too will try it out soon!

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