<span style="color: #222222;">Today is the sixth anniversary of indigenously developed payment application BHIM (Bharat Interface for Money). It was launched on this day in 2016 by Prime Minister Narendra Modi.<br />''<br />''BHIM is a biometric payment system app using the Aadhar platform and is based on Unified Payment Interface (UPI) to facilitate e-payments directly through bank.<br />''<br />''It can be used on all mobile devices, be it a smartphone or a feature phone with or without internet connection.<br />''<br />''The payments through the BHIM App can be made by just a thumb impression after the bank account is linked with Aadhaar gateway.<br />''<br />''UPI transaction has gained traction over the year. UPI transaction value for the month of November this year was 11.90 lakh crore rupees while the transaction volume was 7.30 billion.</span><br />
News On AIR | December 30, 2022 12:38 PM
Today is 6th anniversary of indigenously developed payment application BHIM