10 things you should know about BHIM app

In a great move the government has today announce the launch of BHIM app. It is going to change the online payment thing in India. Here we have compiled the quick 10 things you should know about it.You can learn how to download it here.

1. It is freely available on google play store
2. It is going to use the UPI technique which will enable the payment to different banks from one interface.
3. Your thump impression can be used for validation in BHIM app.
4. Using BHIM app you can make a payment by only a phone number.
5. As of now BHIM app is available only for android. IOS version will be launched soon.
6. You will be able to use it even without internet. User of this app will be able to make and receive payments even if you don’t have a smart phone or net is not working.
7. To make payment via this  app without smart phone you need to dial *99# and it will open the menu for various things available to you.
8. There will a limit of Rs. 10,000 per transaction and Rs. 20,000 per day for the BHIM app.
9. Even the bank who are not connected to this app can send receive money using the IFSC code.
10. It is developed by the National Payment Corporation of India.Once you register on it your mobile number will be your payment address. You will be able to send /receive the payments using this address.
11. A merchant will be able to create a QR code which can be scan for making the payments more easily.
12. Initially it will be in Hindi and English but soon it will be launched in many other regional languages.