BHIM App: Tops Google Play Store for the UPI Payments :- After the revolutionary decision of demonetization, the Central Government has been introducing a number of latest ideas and best alternatives of reducing the flow of liquid cash in the society and encourage all the cashless or Digital transactions across the country. On 30th December 2016 in an attempt towards the cashless transactions, Prime Minister of India Shri Narendra Modi introduced BHIM App which became very popular that it ranked first in the list of Google Play Store Top charts.
BHIM App is a UPI (Unified Payment Interface)-based application available for the Android mobile phone users for making easy cashless transactions. Within a couple of days after its official launch on 30th December 2016, the app has become popular in the country that it has been witnessing a heavy traffic. The news that the app has been ranking first in the Google play listings reveal the citizen’s behaviour at welcoming the change in the country.
This app is currently available in English and Hindi languages. BHIM App was named after Bhim Rao Ambedkar. The applications will be made available in all the other languages in a short span of time along with other advanced features. During its launch at the Digi Dhan Mela in New Delhi, PM said that a fingerprint scanner for making transactions will also be introduced shortly.
There is a limit for making Rs. 10,000 per transaction and a maximum Rs. 20,000 per day using the BHIM App. For now, the larger transactions per day can be made by using the credit or debit cards or any other form of internet banking.
Transactions can be made using the BHIM App even to the non-UPI supported accounts by using the IFCS code and MMID. The list of banks that support this UPI-based application includes Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of Maharashtra, Central Bank of India, HDFC Bank, ICICI Bank, and others.