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Your thumb is your bank now': PM Modi launches Aadhaar-based BHIM app

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V.Balasubramani

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A welcome move towards ‘cashless economy’…

Your thumb is your bank now': PM Modi launches Aadhaar-based BHIM app



The app is called BHIM (Bharat Interface for Money), and proposes to make digital transactions easie

Prime Minister Narendra Modi on Friday launched an Aadhaar-based mobile payment application at 'DigiDhan Mela' in New Delhi to promote and make digital transactions easier.

The app is called BHIM (Bharat Interface for Money) -- a re-branded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data).

Speaking on the occasion, Modi said BHIM app was very simple to use and a thumb impression was enough to operate it.
Modi said the government was working to launch a new security feature, by using which transactions could be carried out without a phone and Internet etc.

"Be it a smartphone or feature phone of Rs 1,000-1,200, BHIM app can be used. There is no need to have Internet connectivity. One only needs a thumb. There was a time when an illiterate was called 'angutha chchap'. Now, time has changed. Your thumb is your bank now. It has become your identity now."

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