After the Indian government demonetized the old Rs 500 and Rs 1,000 notes, there s been a massive push to the digital payments in the country. So far, results of the push have been overwhelming with a steep surge in mobile wallet and internet banking in the last few weeks. One of the key initiatives during this drive is the UPI platform, which enables customers to use different bank accounts and make online transactions. While all of the major banks have launched their UPI apps, the government last week introduced a common UPI app, called the BHIM, which stands for Bharat Interface for Money. While this app has been restricted to Android platform so far, the government now plans to roll out the app to iOS platform soon. Also Read - India may soon announce its own ‘Atmanirbhar’ app store as alternative to Google, AppleAlso Read - FASTag is now free until February 29, NHAI waves off charges for 15 days
Amitabh Kant, who is CEO of NITI Aayog, has revealed that the BHIM app will be rolled out to iOS platform within 10 days and will feature multilingual support. While Kant had already revealed that the app will be available for iOS users, this is the first time he has shared a timeline and disclosed new features. The latest development comes shortly after the BHIM app saw a massive response from Android users. The app has already seen more than 2 million downloads on Google Play Store and is currently the top app on the store. Though the initial roll-out hasn t been without glitches with multiple people complaining about problems with login and authentication, the app was updated to fix them. Also Read - FASTag Update: How to recharge FASTag account for Electronic Toll Collection
Pl wait. In 10 days time iOS version & multilingual. https://t.co/2IBPu0bDJS
Amitabh Kant (@amitabhk87) January 2, 2017
In case you haven t been up to date, the BHIM is a common UPI app which aims to be the one-stop-shop for your digital transactions. The app has a simple interface with an objective of being easy to use. About 2MB in size, it doesn t take a lot of space on your smartphone. On launching the app, users need to give permission to send an SMS and register your phone number. After having registered, users need to set a 4-digit passcode and choose the bank. Moreover, users can send and request money, and also scan and pay using QR code just like you do on your Paytm mobile wallet. ALSO READ: PM Narendra Modi launches BHIM app for mobile payments; here s how it works
In a bid to make things simpler, the registered mobile number becomes your UPI address. For an example, if your phone number 9820098200, your default UPI address will be 9820098200@upi. Though, you can always customize your UPI address.
Even though Android users dominate the smartphone market in India, there s considerable of number of iOS users. The inclusion of iOS users is certainly going to push the objective of cashless economy. That said, the government isn t just reaching out to smartphone users for cashless transactions. Already, it has launched a USSD based platform for feature phones and in rural areas. ALSO READ: UPInow available offline via USSD-based mobile banking; here s how it works
One of the most interesting and much simpler processes that the government has come up with is Aadhaar Enabled Payment (AEP) app for merchants, which enable them to accept money through biometric authentication and without needing any card or mobile phone. Last week Prime Minister Narendra Modi announced that AEP is currently undergoing security testing and should be launched within two weeks.