Prime Minister Narendra Modi launches government pay app
Posted on: 31/Dec/2016 11:36:59 AM
UPI based mobile payment application called BHIM (Bharat Interface for Money) was launched by Prime Minister Narendra Modi.
Here`s how BHIM works:
Begin by registering your bank account with BHIM and set a UPI PIN for the bank account.
Your mobile number is your payment address (PA), and you can simply start transacting.
Send / Receive Money: Send money to or receive money from friends, family and customers through a mobile number or payment address. Money can also be sent to non UPI supported banks using IFSC and MMID. You can also collect money by sending a request and reverse payments if required.
Check Balance: You can check your bank balance and transactions details on the go.
Custom Payment Address: You can create a custom payment address in addition to your phone number.
QR Code: You can scan a QR code for faster entry of payment addresses. Merchants can easily print their QR Code for display.
Transaction Limits: Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours.
Language supported: Hindi and English.
