BHIM APK

Go cashless transactions in India

BHIM (Bharat Interface for Money)

, published as BHIM – Making India Cashless in the

Google Play Store

, is a free-of-charge

finance

mobile application

exclusively for the residents of India

. Developed by the National Payments Corporation of India (NPCI), this payment app is created to help the

management of e-payments

and

encourage cashless transactions

in the Indian market. While its service is heavily-based on the Unified Payments Interface (UPI), it still

authorizes transactions made from non-UPI accounts

.

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Is BHIM a government app?

Technically speaking, this finance mobile app is not operated by the government, or any public sector unit or agency. BHIM is

privately owned

by the National Payments Corporation of India, which is a private institution run entirely by banks. Although it is important to note that it is

government-funded

thus, you will see

tons of referrals and cashback

within the app. It is, in fact, accounted for in the

country's Union Budget

.

To encourage more Indian citizens to download the app and do cashless transactions, it plans a referral scheme wherein each person has to obtain

at least 125 people to download

the payment application. Both the referrer and newly referred user will

get rewards

. However, it would only be considered as a successful referral if fresh users have

completed about 3 unique successful

financial transactions

at a minimum.

Before registering, you must ensure that your

bank account

is linked to an

active mobile number

. If you have valid debit card, it will be required to

generate a UPI PIN

. The limit of transaction per day varies depending on BHIM's set limit for your account. Bear in mind that your bank account or

card's PIN will never be asked

for you to receive money. For payment or balance checked, UPI PIN is the one that will be used.

Secure and regulated cashless transactions

If you reside in India, BHIM is a mobile finance application that will be quite useful to you and your various online transactions. All transactions are

guaranteed to be safe

as it is run by a private institution and funded by the government. With their strong determination to

encourage Indian citizens to go cashless

in most of their transactions, referral schemes are prevalent within this app.