The objectives with which demonetization was done in 2016, gained further momentum with the launch of the BHIM app. Launched on 30th December 2016, the Bharat Interface for Money (BHIM) app is India’s answer to go cashless. Whether it is your smartphone or the basic feature phone, the app works equally well.
National Payments Corporation of India (NPCI) developed this app, built on the Unified Payment Interface (UPI). Within a day of its launch, there were one crore downloads. This app is going to change the landscape of the Indian Banking system alongside the banking habits of the Indian consumers. Meant for transferring and receiving money, one does not need to have money stored in the app to access it.
The primary advantage of the BHIM app is that the user does not need to remember all the bank details for doing the transactions. To make a transaction, all you need is the virtual payment address of the payee, which in most of the cases is going to be the registered mobile number. Created by the Government of India, adds more credibility to the app for its users.
The app works across all banks, and all your accounts can be linked to it. It means that if the user has multiple bank accounts, all his accounts will be joined for banking functions with the aid of this app. Fast and easy cashless transactions will save time and hassles of maintaining multiple mobile wallets. The app has the built-in high degree of security. The customer authentication has three level including device ID or the mobile number, bank account the thirdly the UPI pin for completing the transactions. These features make BHIM app far more secure than the other payment apps in the market.
Further, this app can be operated without any internet connection. Just dial *99# and make the transaction. You will receive seven options, and accordingly, you can do the desired transaction. It is a unique feature of the app. Even with a basic feature phone, the BHIM app works equally well. The app supports English and Hindi language, and soon other Indian languages will be added.
It is expected that the Government will soon launch various incentives and rewards to encourage digital payments through this app alongside making these transactions accessible and affordable than as compared to cash transactions. The idea is to promote cashless transactions in the country. Efforts are on to integrate this app with Paytm and other favorite apps to widen its reach.
As of now, the BHIM app developed by National Payments Corporation of India (NCPI) has received good response from the public. With approximately 5 million active users and more than 16 million downloads, its popularity is on the rise. Soon an updated version will be launched for both Android and Apple phones.
In its endeavor to make the Indian economy cashless and digital, the BHIM app is the right answer. Its fast, secure, reliable and easy to use.

Almost a year back, we all had witnessed the biggest economic reform of demonetization in India where in much of India's circulating high-denomination cash was invalidated in November 2016 in order to reduce corruption, counterfeiting, and tax evasion.
The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. As a part of this programme, the Indian Prime Minister Narendra Modi launched a new mobile banking app (BHIM) on Dec 30, 2016, with an idea to “revolutionize” the country and to promote cashless transactions and converting India into less-cash society. The BHIM app is destined to replace all cash transactions. The app will revolutionize India and force people worldwide to take notice.
National Payments Corporation of India (NPCI) develops BHIM (Bharat Interface for money) app. It is a paid app, which lets you make simple, easy and quick transactions using Unified Payments Interface (UPI). You can make direct bank payments to anyone on UPI using their UPI ID or scan their QR with the BHIM app. You can also request money through the app from a UPI ID.
Any person who wishes to use BHIM app has to register his bank account with BHIM and set a UPI PIN for the bank account. Your mobile number is your payment address. However, the user can create a custom payment address, in addition to their phone number.
The features of BHIM app are:

• One can easily send money by entering UPI ID, account number, Aadhaar or by scanning a QR code.
• Request money from other UPI users by entering their UPI ID, make payments quicker by scanning the QR code of the person to whom the money is to be send.
• The UPI passbook can be downloaded and transaction history can be easily viewed.
• Switching between multiple bank accounts linked with the BHIM app becomes very easy.
• The BHIM app supports many Indian regional languages like Gujarati, Bengali, Marathi and many more languages in addition to English and Hindi. Thus this feature enables the rural Indian population also to contribute towards achieving digital India.
• Banks like Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of India, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, Indian Bank, Indian Overseas Bank, Kotak Mahindra Bank, Punjab National Bank, RBL Bank, South Indian Bank, Standard Chartered Bank, State Bank of India, Syndicate Bank, Union Bank of India and the like supports BHIM on their system.
• One additional feature of BHIM app is that, there are no transaction charges levied. However, the bank may levy a nominal charge. The BHIM app eases bank-to- bank transfer and thus eliminates the need to transfer the money from the bank account to any e-wallet for any transaction.
• Having looked at the working system of BHIM app and understanding its features encourages every Indian to shift from traditional i.e. cash or paper money to paperless and digital money.