Prime Minister Narendra Modi was upbeat as over 10 million downloads of BHIM App were recorded in a short span of 10 days.
BHIM (Bharat Interface for Money), a Mobile App developed by National Payments Corporation of India based on Unified Payment Interface (UPI), was launched by Prime Minister Modi to facilitate e-payments directly through bank.
It was launched at a Digi Dhan programme at Talkatora Stadium in New Delhi on December 30, 2016. This App supports all Indian banks which are live on UPI platform with the IMPS infrastructure to let users instantly transfer money between any two parties.
It can be used on all mobile devices, be it a smartphone or a feature phone with internet connection. “Delighted to know that in a span of 10 days there have been over 10 million downloads of the BHIM App,” said PM in a statement.
Saket Modi, the CEO of cybersecurity solutions firm Lucideus, said BHIM App is currently among the most secure ways to make digital payments.
He said the increasing adoption of Unified Payments Interface (UPI) payment mechanism would minimise mobile wallets, which saw a surge in their usage in the past two months after demonetisation.