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BHIM: Difference between revisions
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{{short description|Indian Mobile payments app}} | {{short description|Indian Mobile payments app}} | ||
{{other uses|Bhim (disambiguation)}} | {{other uses|Bhim (disambiguation)}} | ||
{{Use Indian English|date= | {{Use Indian English|date=July 2021}} | ||
{{Use dmy dates|date= | {{Use dmy dates|date=July 2021}} | ||
{{Infobox software | {{Infobox software | ||
| name = BHIM (Bharat Interface for Money) | | name = BHIM (Bharat Interface for Money) | ||
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BHIM allow users to send or receive money to or from UPI payment addresses, or to non-UPI based accounts (by scanning a [[QR code]] with account number and [[Indian Financial System Code|IFSC code]] or [[Mobile payments in India#MMID|MMID (Mobile Money Identifier) Code]]).<ref>{{Cite web|url=http://www.npci.org.in/|title=BHIM UPI Official website|date=12 January 2017|publisher=National Payments Corporation of India (NPCI)|access-date=12 January 2017|archive-date=29 January 2019|archive-url=https://web.archive.org/web/20190129122718/https://www.npci.org.in/|url-status=dead}}</ref> | BHIM allow users to send or receive money to or from UPI payment addresses, or to non-UPI based accounts (by scanning a [[QR code]] with account number and [[Indian Financial System Code|IFSC code]] or [[Mobile payments in India#MMID|MMID (Mobile Money Identifier) Code]]).<ref>{{Cite web|url=http://www.npci.org.in/|title=BHIM UPI Official website|date=12 January 2017|publisher=National Payments Corporation of India (NPCI)|access-date=12 January 2017|archive-date=29 January 2019|archive-url=https://web.archive.org/web/20190129122718/https://www.npci.org.in/|url-status=dead}}</ref> | ||
Unlike mobile wallets ([[Paytm|PayTM]], [[MobiKwik]], [[M-Pesa|mPesa]], [[Airtel India#Airtel Money|Airtel Money]], etc.) which hold money,<ref>{{Cite web|url=http://www.businesstoday.in/technology/reviews/bhim-app-different-from-mobile-wallets/story/246895.html|title=How is BHIM app different from mobile wallets- Business News|website=www.businesstoday.in|access-date=2017 | Unlike mobile wallets ([[Paytm|PayTM]], [[MobiKwik]], [[M-Pesa|mPesa]], [[Airtel India#Airtel Money|Airtel Money]], etc.) which hold money,<ref>{{Cite web|url=http://www.businesstoday.in/technology/reviews/bhim-app-different-from-mobile-wallets/story/246895.html|title=How is BHIM app different from mobile wallets- Business News|website=www.businesstoday.in|access-date=7 June 2017}}</ref> the BHIM app is only a mechanism which transfers money between different bank accounts. Transactions on BHIM are nearly instantaneous and can be done 24/7 including weekends and bank holidays. | ||
Version 1.3 allows users to use mobile numbers from their contact book to send money and also save payment addresses for future use .{{Citation needed|date=April 2017}} It now also allows users to send or receive digital payments through [[Aadhaar]] authentication.<ref>{{Cite web|title=How to transfer money using Aadhaar number via BHIM App: Follow steps|url=https://www.indiatoday.in/information/story/how-to-transfer-money-using-aadhaar-number-via-bhim-app-follow-steps-1696762-2020-07-03|access-date=2020 | Version 1.3 allows users to use mobile numbers from their contact book to send money and also save payment addresses for future use .{{Citation needed|date=April 2017}} It now also allows users to send or receive digital payments through [[Aadhaar]] authentication.<ref>{{Cite web|title=How to transfer money using Aadhaar number via BHIM App: Follow steps|url=https://www.indiatoday.in/information/story/how-to-transfer-money-using-aadhaar-number-via-bhim-app-follow-steps-1696762-2020-07-03|access-date=19 July 2020|website=[[India Today]]|language=en}}</ref> | ||
==Transaction fees and limits== | ==Transaction fees and limits== | ||
Currently, there is no charge for transactions from ₹1 to ₹100,000.<ref>{{Cite web|url=http://www.npci.org.in/UPI_FAQs.aspx|title=National Payments Corporation of India|website=www.npci.org.in|access-date=2017 | Currently, there is no charge for transactions from ₹1 to ₹100,000.<ref>{{Cite web|url=http://www.npci.org.in/UPI_FAQs.aspx|title=National Payments Corporation of India|website=www.npci.org.in|access-date=16 May 2017|archive-url=https://web.archive.org/web/20170517103604/http://www.npci.org.in/UPI_FAQs.aspx|archive-date=17 May 2017|url-status=dead}}</ref><ref>{{Cite news|url=http://indiatoday.intoday.in/technology/story/irctc-to-launch-new-app-for-faster-booking-of-tickets/1/851714.html|title=IRCTC to launch new app for faster booking of tickets|access-date=7 June 2017|language=en}}</ref> Some banks might, however, levy a fee for UPI or IMPS transfers. | ||
In 2020 Indian banks have proposed transaction charges on UPI transactions,<ref>{{Cite web|url=http://www.moneycontrol.com/news/business/banks-to-start-charging-for-p2p-payments-on-upi-2298531.html|title=Banks to start charging for P2P payments on UPI|website=Moneycontrol|language=en-US|access-date=2017 | In 2020 Indian banks have proposed transaction charges on UPI transactions,<ref>{{Cite web|url=http://www.moneycontrol.com/news/business/banks-to-start-charging-for-p2p-payments-on-upi-2298531.html|title=Banks to start charging for P2P payments on UPI|website=Moneycontrol|language=en-US|access-date=8 June 2017}}</ref> but there is no information on whether transactions through BHIM will also be charged.{{Citation needed|date=May 2021}} | ||
==Language support== | ==Language support== | ||
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==Reception== | ==Reception== | ||
During the [[2017 Union budget of India]], Finance Minister [[Arun Jaitley]] said that the app is currently being used by over 12.5 million Indian citizens,<ref>{{cite news|url=http://www.hindustantimes.com/tech/budget-2017-jaitley-says-bhim-app-now-has-125-lakh-downloads/story-J785IjvlDQREWGztyOLPrL.html|title=Budget 2017: Jaitley says BHIM app now has 125 lakh downloads|access-date=2017 | During the [[2017 Union budget of India]], Finance Minister [[Arun Jaitley]] said that the app is currently being used by over 12.5 million Indian citizens,<ref>{{cite news|url=http://www.hindustantimes.com/tech/budget-2017-jaitley-says-bhim-app-now-has-125-lakh-downloads/story-J785IjvlDQREWGztyOLPrL.html|title=Budget 2017: Jaitley says BHIM app now has 125 lakh downloads|access-date=3 February 2017|work=[[Hindustan Times]]}}</ref> and that the government will launch two new schemes to promote its use. One will be referral payments for individuals, and the other will be cashback for merchants who accept payments .<ref>{{cite news|url=http://indianexpress.com/article/technology/tech-news-technology/union-budget-2017-bhim-app-being-used-by-125-lakh-people/|title=Union Budget 2017: Govt announces two new incentives to promote BHIM app|access-date=3 February 2017|publisher=[[The Indian Express]]}}</ref> | ||
== Security == | == Security == | ||
In May 2020, VPNMentor, a cyber security firm disclosed that BHIM app has suffered a huge data breach leaking approximately 7.26 million Indian users personal and financial data, such as name, contact details, [[Aadhaar|Aadhaar card]], [[PAN card]], [[Reservation in India|caste certificate]], fingerprint scans, educational certificates and more. The 4.09 GB files were leaked from a CSC operated website because of misconfigured [[Amazon S3|AWS S3 bucket]], and not the official BHIM website. But [[Common Service Centres|CSC]] explicitly mentions that it is working with BHIM and [[National Payments Corporation of India|NCPI]] in partnership. VPNMentor and other cybersecurity experts confirm the data to be authentic, but BHIM and NCPI claim that the breach never took place. The issue has now been fixed.<ref>{{Cite web|date=2020 | In May 2020, VPNMentor, a cyber security firm disclosed that BHIM app has suffered a huge data breach leaking approximately 7.26 million Indian users personal and financial data, such as name, contact details, [[Aadhaar|Aadhaar card]], [[PAN card]], [[Reservation in India|caste certificate]], fingerprint scans, educational certificates and more. The 4.09 GB files were leaked from a CSC operated website because of misconfigured [[Amazon S3|AWS S3 bucket]], and not the official BHIM website. But [[Common Service Centres|CSC]] explicitly mentions that it is working with BHIM and [[National Payments Corporation of India|NCPI]] in partnership. VPNMentor and other cybersecurity experts confirm the data to be authentic, but BHIM and NCPI claim that the breach never took place. The issue has now been fixed.<ref>{{Cite web|date=3 June 2020|title=BHIM Data Leak Exposes 7M Indian Users Data: Risk of Fraud & Theft|url=https://www.hackreports.com/bhim-app-data-leak-exposes-7m-indian-users-sensitive-data-risk-of-financial-fraud-identity-theft/|access-date=17 June 2020|website=Hack Reports|language=en}}</ref> | ||
==See also== | ==See also== | ||