tech2 News StaffJan 02, 2017 17:50:08 IST
The Bharat Interface for Money or BHIM app has raced to the top of the most downloaded free apps on the Google Play Store. Launched on 30 December, the app developed by NPCI has see over a million downloads so far.
In terms of ratings, the app has around 57000 plus '5 star' ratings and around 11000 plus '1 star' rating. The app, released in the memory of Dr BR Ambedkar is currently only available on the Android platform, with the iOS app expected to launch on 10 January. According to the prime minister, the BHIM app will get a feature which will allow you to make payments using only the thumbprint.
According to Niti Aayog CEO Amitabh Kant, the BHIM app has been downloaded by 3mn users and around 500,000 transactions have already taken place on the platform.
AP Hota, MD and CEO of NPCI said that the app has been witnessing a surge in downloads. "Volume growth would be seen in a few days. Providing UPI experience on feature phone is something we are proud of. The purpose of a new common app is to provide uniform experience of UPI and also to support those banks who have not developed any UPI app for their customers as yet. As far as feature phone is concerned, no application is necessary."
The setup is very fast and simple. The app verifies the phone number automatically. Note that the phone number used for the transactions has to be the same phone number registered with the bank for the account you intend to use. As of now, transactions are supported for only one account per user. The bank account menu allows users to change the bank account at any time.
There are three ways to transfer money, through a QR code, through a phone number, or through the UPI address. A QR code is available by default in the profile section. This can be saved to the phone as an image, or directly shared through instant messengers or email.
Read our full review of the BHIM app here.
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