Prime Minister Narendra Modi recently launched the BHIM app with a view to boosting digital transactions. Here is all you want to know about BHIM and also how you can set it up.
BHIM stands for Bharat Interface for Money.
The great thing about BHIM app is its simplicity and how it makes cashless transactions very easy.
In apps like Paytm and MobiKwik, you have to recharge your e-wallet to use them. There is no such thing here in BHIM. It directly connects to your bank account — one account that you can specify — and then you can use it to make payments, receive money and make transfers.