Prime Minister Narendra Modi launches BHIM mobile app to simplify cashless transactions

Narendra Modi

In a major boost towards cashless society, Prime Minister Narendra Modi launched a new Android mobile app named BHIM. Dubbed as Bharat Interface for Money, the app is an Aadhaar based mobile payment application. Technically, the BHIM app is a refreshed version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data).

During the launch event held at the Digi Dhan Mela event in Talkatora stadium in New Delhi, Modi also felicitated winners of Lucky Grahak Yojana. Moreover, Modi himself made a transaction for a Khadi purchase using the Bhim mobile application.

According to sources, the BHIM app will eliminate the role of plastic cards and the point of sale machines. Till today, PoS machines were considered the sole entry point for merchants. Going forward, they can make use of the new Bhim app to accept payments from customers.

The big advantage of the Bhim app is that there is no service charge involved for doing business. Hence, traders in remote villages will be able to make use of the app easily without worrying. They money customers pay to them is their own money without any service fees. The only requirement is to own an Android smartphone.

To work with Bhim app, the merchants should download the app from Google Play Store. The smartphones are connected to a biometric reader priced at Rs. 2000. When a customer performs a transaction, they will provide the Aadhaar number and select the bank through which the transaction will take place.

As far as authentication is concerned, the biometric scan will work as a password. We installed the app and found that it prompts to verify mobile number similar to that of WhatsApp.

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Commenting on the development, Unique Identification Authority of India (UIDAI) CEO Ajay Bhushan Pandey disclosed that this app can be used by any person to transact without any need for a phone. In case of Paytm and other similar app, both merchant and customer require smartphone. In the case of Bhim app, a customer can remit payment even without a phone.

Speaking on the occassion amid loud applause, PM Modi said that the Bhim app will create revolution in India. The launch of Bhim app is a step in right direction since it will simplify acceptance of digital payments by merchants.

If you are a merchant or trader, you should download Bhim app and experience the simplicity of the road towards acheiving cashless society.

Anand Narayanaswamy is the editor-in-chief of Netans. He was recognized as a Microsoft Most Valuable Professional (MVP) for 9 years (2002 to 2011) and currently part of MVP Reconnect program. He is also part of the prestigious ASPInsider program. Anand has published several articles and reviews related to various software and hardware products for various software and technology related websites. He is also active on social media and also participates as an Influencer for various brands. Anand can be reached at admin@netans.com

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