Simple, secure UPI for India
BHIM is a unified payment interface (UPI) developed specifically for use in India. The main goal of this finance app is to provide a safe and secure platform for instant digital payments on your mobile phone in much the same way that Google Pay functions. Just as with any other banking service, is it essential to take all the required safety precautions before proceeding with using it.
BHIM app requirements
First, you should download and install BHIM before proceeding. Do take note that you must have a phone running at least Android 5.0. You must use an active SIM and mobile number linked to your bank account. You will also need to have a valid debit card for the selected bank account to generate the UPI pin. You can visit their website to find all their banking partners.
Features and Benefits
The BHIM app is available in 13 languages, including English and Hindi. The app gives you simple ways to transact using UPI. You can make payments to or request money from anyone by using their UPI ID or scanning a QR code with the BHIM app. It also has scan and payment options for more secure shopping.
You can also check your balance, switch between accounts, and change your pin, all from within the app. You can even use your UPI ID to pay when completing the IPO application for stock trading on the NSE or BSE.
BHIM vs PhonePhe
Which app you choose will depend on the features you need. Both apps are UPI-based, but if you only need a simple UI with basic transactional features, BHIM is the one to use. PhonePe will offer you different features like an eWallet, recharge, and the ability to pay bills. It also has various cashback offers, discounts on products, and a refer and earn promotion. However, BHIM has a significant advantage with the security feature enabling you to use an access lock.
Instant digital payments
Mobile banking is becoming more and more popular in India every day, with its adoption rate steadily rising. The BHIM app offers a secure and straightforward interface for basic transactions. It is easy to set up, track your finances, and you can raise disputes, all from the app itself. The access lock feature gives you additional peace of mind.