On Ambedkar Jayanti, Prime Minister Narendra Modi launched the BHIM-Aadhaar digital payment interface for merchants in Nagpur.
Prime Minister Narendra Modi today launched the BHIM-Aadhaar digital payment interface for merchants in Nagpur. The new interface makes digital payments easier. Moreover, BHIM (Bharat Interface for Money) app users can also earn some money by adding new users to the app. While launching the BHIM-Aadhaar interface, PM Modi said, “If you add a person to BHIM app, after three transactions by the person, Rs 10 will be added to your account, the scheme will continue till October 14.”
Under the referral bonus scheme, both the existing users who refer BHIM to someone and the new user who adopts BHIM would get a cash bonus (Rs 10) credited directly to their bank account.
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There is also a cashback scheme for merchants who will get a cash back for every transaction using the BHIM app. The government has planned to spend Rs 495 crore for both schemes over a period of six months.
PM Modi especially appealed to the youth to take benefit of this opportunity during their summer vacation this year.
Talking about the BHIM app, which was launched on December 30, 2016, the Prime Minister said it was positively impacting several lives across the country and urged to youth to further the use of digital methods of making and receiving payments. PM Modi also compared to the digital payment movement with his cleanliness drive. “DigiDhan movement is a
PM Modi also compared to the digital payment movement in the country with his cleanliness drive. “DigiDhan movement is a Safai Abhiyaan. It is to fight the menace of corruption”, said the PM.
The BHIM App is positively impacting several lives across the nation: PM @narendramodi
— PMO India (@PMOIndia) April 14, 2017
The BHIM-Aadhaar has some interesting features. It would allow users to make digital payment by using their biometric data like their thumb imprint on a merchants’ biometric-enabled device which could be a smartphone having a biometric reader, says a Niti Aayog release. The app would also allow users to do digital payments without the need to access smartphones, internet, debit or credit cards.
You can download the BHIM Google Play store on Android phones and on iTunes for iPhones for taking the benefit of BHIM referral scheme.
Here is a video on @NPCI_BHIM schemes launched by PM Modi. Do help out in popularizing them! Thanks 🙂
— Amrita Bhinder (@amritabhinder) April 14, 2017
According to Niti Aayog, 27 major banks of the country are now on board the BHIM-Aadhaar interface with 7.15 lakh merchants so that they can start accepting payments using BHIM-Aadhaar.