BHIM launched on iOS platform

Q.  Which digital payment platform has been launched on iOS platform for fast secure transactions?
- Published on 13 Feb 17

a. BHIM
b. AEPS
c. IMPS
d. USSD

ANSWER: BHIM
 
BHIM launched on iOS platformBHIM, which the government has developed for fast and secure cashless transactions, was on 11th Feb 2017 launched on the iOS platform.

“The much awaited #BHIM for iOS is now available on the AppStore. Apple users, download #BHIM now! #ItPaystoBHIM," Niti Aayog indicated in a tweet.

The Bharat Interface for Money (BHIM) was available on Android platform.

On December 30, Prime Minister Narendra Modi launched the app for fast and secure cashless transactions using mobile phones.

BHIM is a platform designed to make payment through UPI and USSD modes simpler.

The number of downloads for BHIM app has crossed 1 crore mark.

The BHIM app downloads which have shot up in a matter of a few days "shows how India is changing" with regard to adoption of digital payments and cashless transaction.

Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post demonetisation.

According to government data, the number of transactions on USSD (mobile short code message used mainly for banking services on feature phone) saw a massive 5,135 per cent jump.

The increase was from 97 such deals a day on November 8 to 5,078 on December 25.

UPI transactions - which allows users to transfer funds from one bank account to another using a smartphone - grew 1,342 per cent.

This is from 3,721 such transactions a day on November 8 to 53,648 on December 25.

BHIM: Know More
  • Developer: National Payments Corporation of India
  • Initial release: 30 December 2016
  • Platform: Google Play, App Store
  • Available in: English, Hindi, Bengali, Tamil, Telugu, Kannada, Malayalam, Odia, Gujarati
  • Type: Payment
  • Website: NPCI Portal

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