How to use UPI Bhim App for digital payments, how to use and how it works this is what I am going to explain you with live demo and step by step instructions.
Today in one of the event in delhi our prime minister Narendra Modi has launched a new app for payments basically we can see as an upgrade over UPI app.
Its name is BHIM app basically BHIM is short form of Bharat Interface for Money and is an app that lets you make easy and quick payment transactions using UPI or we can say as it enable fast, secure, reliable cashless payments through your mobile phone. It’s much easier than wallets and money is transferred directly from your account to person account you are transferring to.
BHIM is interoperable with other Unified Payment Interface (UPI). Its developed by NPCI(National Payment Corporation of India)
Send money to or receive money from friends, family and customers through a mobile number or payment address.
Register your bank account with BHIM, and set a UPI PIN for the bank account. Your mobile number is your payment address (PA), and you can simply start transacting. Yes! It is that simple.
Transactions are complete within seconds.
There are no charges on transferring money only charges are taken by your bank.
You can check your bank balance and transactions details on the go.
You can scan a QR code for faster entry of payment addresses. Merchants can easily print their QR Code for display.
Note the transaction limit is : Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours.
Currently approx. all banks are supported by this app.
You can also get more details on official site
In my video I am going to show you how to install the BHIM mobile app and how to use it for transactions. Please watch the complete video for proper understanding.
If you like my video please make me happy by