Indigenously developed payment application BHIM (Bharat Interface for Money) celebrated its sixth anniversary. BHIM App was launched on 30th December 2016 by Prime Minister Narendra Modi. BHIM stands for Bharat Interface for Money. It is a biometric payment systems app using the Aadhar platform and is based on a Unified Payment Interface (UPI) to facilitate e-payment directly through the bank.
It can be used on all mobile devices whether it’s a smartphone or feature phone or a phone without an internet connection. The payments through the BHIM App can be made with just a thumb impression after the bank account is linked with the Aadhar gateway.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
BHIM or Bharat Interface for Money is an Indian mobile payment app developed by the National Payments Corporation of India (NPCI) based on the Unified Payments Interface (UPI). The BHIM App was launched on 30th December 2016. It is intended to facilitate e-payment directly through banks and encourage cashless transactions. It was named after the great Dalit leader Dr. Bhimrao Ambedkar.
The application supports all Indian banks which use UPI, which is built over the Immediate Payment Service (IMPS) infrastructure and allows the user to instantly transfer money between 170-member Banks of any two parties.
India has taken a significant step towards the future of urban transportation with the blessing…
The 23rd edition of Commonwealth Games is slated to take place in Glasgow, Scotland from…
India has granted authorization for its first dengue vaccine to be used, which indicates a…
The Supreme Court has instructed the Central Government to form a committee within two weeks…
The Mukhyamantri Swasth Bastar Abhiyan (Chief Minister's Health Bastar Mission) is showing satisfactory results as…
India's Index of Core Industries (ICI) witnessed a 5% growth year-on-year in June 2026 as…