PM Narendra Modi yesterday launched BHIM, described by him as a brand-new app that will amount to “a world wonder.” BHIM - Bharat Interface for Money , is meant to play a big role in the government’s push towards digital India and digital transaction. "Be it a smartphone or a feature phone of Rs 1,000-1,200, BHIM app can be used. There is no need to have Internet connectivity," says PM Modi. "One only needs a thumb. There was a time when an illiterate was called 'angutha chhaap'. That has changed. Your thumb is your bank now” BHIM will allow customers to transact electronically without using their credit or debit card, or by creating and storing a mobile wallet. What Is BHIM App, How Can You Use It? Facts about to BHIM: -The app helps easy transfer of money or make a payment from your bank account using only your phone number. -If the shopkeeper uses the BHIM app too, just open the app, choose “send money”, and type in the amount and th...
Come up with some problems, advantages, disadvanrages, my blog