Prime Minister Narendra Modi just gave India one more reason, or rather incentive, to go cashless. Modi, while addressing the Digi Dhan Mela event in the national capital, launched a new UPI-based mobile payment application called BHIM (Bharat Interface for Money). The app, which is now available on Android, aims to minimise dependence on point of sale machines while also eliminating the fee payments for service providers like card companies such as Mastercard or Visa. However, there seems to be some confusion over the particular version of Android that the phone would work on.
While, the app description page on the Google Play Store says the app is compatible with Android version 2.3.3 (Gingerbread) and up, specifics mentioned on upi.npci.org.in are downright astounding.
“Bharat Interface for Money app is currently available on Android (Version 8 and above) and iOS mobiles (Version 5 and above). We will be making our app available on other platforms very soon,” the description reads on the website. There is no version 8 of Android, right now. It maxes out at Android 7.1 and therefore the FAQ response provided by the website makes no sense.
“Bharat Interface for Money (BHIM) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. Developed by the National Payment Corporation of India (NPCI), BHIM is made in India and dedicated to the service of the nation,” the description of the app reads on the Google Play Store.
The app, to function, needs an Internet-enabled smartphone (Android-based with support for other platforms claimed to be coming soon) along with an Indian bank account that supports UPI payments and mobile number linked to the bank account. Currently, the app supports linking of one bank only.
Once a user has registered his/her bank account with BHIM, and set a UPI PIN for his/her bank account, their mobile number becomes their payment address (PA). Thereon, users can send (also to non-UPI supported banks using IFSC and MMID) or receive money and check balance. The app description further notes that user can avail a maximum of Rs 10,000 per transaction and Rs 20,000 within 24 hours through BHIM.
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