BHIM App – Making India Cashless – Bharat Interface for Money (BHIM App)

BHIM App is one such innovative step in cashless economy.

How to use BHIM App?
How to use BHIM App?

We all saw life without cash in the aftermath of demonetization announced on 8th November 2016. We immediately started rushing towards ATMs to withdraw cash and were mostly unsuccessful. A very small fraction of population were still unaffected because they already embraced technology in doing mostly cashless transactions using mediums such as credit cards, debit cards, internet banking, payment apps, IMPS, NEFT etc. A large part of Indian population is still dependent on cash and there is a need to bring about change in mindset as we move forward. The Central Government and RBI realize this and they are committed to make India a less-cash economy, BHIM App or Bharat Interface for Money (BHIM)is one such innovative step in this direction. BHIM App has been developed by National Payments Corporation of India (NPCI). NPCI is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).

Why BHIM App?

The popularity on the GooglePlay store explains the simplicity and cost effectiveness this App has to offer. It’s available on both Android and iOS. So far more than 1.4 crore users have installed this App. Bharat Interface for Money (BHIM) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM app is interoperable with other Unified Payment Interface (UPI) applications and bank accounts for quick money transfers. BHIM is developed by the National Payment Corporation of India (NPCI). BHIM is made in India and dedicated to the service of the nation. Currently it supports eight languages apart from English and Hindi, they are Malayalam, Tamil, Telugu, Kannada, Bengali, Gujarati and Odia. BHIM is supported by major public and private sector banks (total 35 banks went live in Jan, 17) and I expect all the banks to support this in near future. You can go to Google PlayStore or Apple App Store and search for BHIM to find if your bank supports this.

Best introduction of this app was given by the honorable PM while launching this APP, “There is no need for Internet connectivity, one only needs the thumb. There was a time when illiterate people were called ‘angutha chchap’. But times have changed, and your thumb is your bank now. It has become your identity,” Although internet is growing at a fast pace, it will take a while when it becomes available in remote areas of every Indian Village.

First time User? How to use BHIM App?

Step 1: Download and Install BHIM app from Google Play store

Step 2: Select your preferred language.

Step 3: Select SIM which has mobile number that is registered with bank CBS 4

Step 4: Login by setting a 4 digit application password

Step 5: Link your bank accounts using bank account option

Step 6: Set your UPI PIN by providing last 6 digits of debit card and expiry date of debit card

Step 7: Visit Profile option and set virtual payment address (VPA)s (2 virtual payment address (VPA)s are allowed per user 1. mobno@upi, 2. name@upi)

Step 8: Set one virtual payment address (VPA) as a primary virtual payment address (VPA) ( Ex. name@upi can be primary virtual payment address (VPA) making it easy to share with others)

Step 9: QR code feature is available, by using Scan and Pay option send and collect money anytime

Step 10: Send, receive, collect money using virtual payment address (VPA), Account number + IFSC, Scan and Pay option.

Source National Payments Corporation if India (NPCI)

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