BHIM
Sign in to saveBHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions. 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. It can be used on all mobile devices. The app is named in h
Wikidata facts
- Subclass of
- Unified Payments Interface
- Official website
- www.bhimupi.org.in
- Has use
- mobile app
Show 3 more facts
- inception
- 2016-12-30
- operating system
- iOS
- distributed by
- Google Play
Sources (3)
via Wikidata · CC0
~4 min read
Encyclopedic overview
10 sectionsContents
- Operation
- On-device wallet
- Transaction fees and limits
- Language support
- License
- Reception
- Security
- See also
- References
- External links
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions. 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. It can be used on all mobile devices. The app is named in honour of B. R. Ambedkar.
==Operation== BHIM allows users to send or receive money to or from UPI payment addresses, or to non-UPI based accounts (by scanning a QR code with account number and IFS code or MMID code).
Excerpted from Wikipedia’s “BHIM” article, available under the CC BY-SA 4.0 licence.