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Bhim App - A Quick Guide to Learn Everything about BHIM

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BHIM is an e-wallet or digital wallet app for smart devices and is currently available only for Android platform. The app is aimed at making transaction easier with just a fingerprint impression.

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Bhim App - A Quick Guide to Learn Everything about BHIM

  1. 1. Significance of BHIM  BHIM means Bharat Interface for Money  Digital Payment mobile Application  Named after Babasaheb Dr Bhimrao Ambedkar  Supports Aadhaar-based payments  Based on the Unified Payments Interface (UPI)  Transfers money digitally without going to Bank  Developed by the National Payment Corporation of India (NPCI)
  2. 2. Guide to use BHIM App Check Balance detail at anytime on the fingertips Create Custom Payment Address on the base of the mobile number QR code feature Transaction Limits: Maximum of Rs. 10,000 per transaction & Rs. 20,000 within 24 hours. Language supported: Hindi and English
  3. 3. Way of sending the Money via BHIM app Payment on the basis of UPI  Mobile Number  Virtual payment address 1
  4. 4. Way of sending the Money via BHIM app Payment without the basis of UPI  IFSC  MMID  Account transfer 2
  5. 5. How BHIM app works Select the preferred Bank 4-digit passcode required Option available of sending and receiving money
  6. 6. Need to address these issues Low connectivity of the internet in the country like India  Not everyone have the accessibility of Smartphone  This app is available only on Android platform  Aadhaar payment feature has not been implemented  Need good infrastructure for this application  Not every bank is connected to UPI

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