As India rapidly approaches digitalisation, the new BHIM UPI app has been considered a revolutionary tool for cashless payments. From implementing advanced security features to being a user-friendly platform, it has undoubtedly been the go-to solution for millions of people. Being a trusted platform for UPI payments, it perfectly combines powerful features with ease of use, making it convenient for everyone to proceed with their transactions.
To learn more about this platform, this article explores its key features, benefits, how secure it is, and the steps to take to start using the BHIM online application to make payments.
What is BHIM UPI?
Bharat Interface for Money (BHIM) is an Indian government-owned UPI application that allows users to make digital transactions and receive money using UPI (Unified Payments Interface). The platform was developed by the National Payments Corporation of India (NPCI) in 2016 to eliminate the need to use cash and cards everywhere, where users can make payments and transfers instantly without entering bank details every time.
Benefits of using BHIM UPI:
- The platform is backed by the government of India, making it reliable and credible.
- The online platform uses security measures to fully protect users’ financial and personal information.
- Money can be transferred and received directly from the linked bank accounts without any unnecessary delays.
- Users can smoothly make transactions without worrying about bank holidays and weekends at any time.
- It allows you to link multiple bank accounts to ensure smooth transactions.
- It is widely accepted everywhere, from small street vendors to big retailers to e-commerce platforms.
Key Features That Make BHIM Stand Out
BHIM is a UPI pay app that is considered a one-stop solution for everything. Here are the key features of BHIM that make it stand out:
Money Transfer: It allows you to conveniently make transactions to the receiver’s bank account without the need to know about their account details.
24/7 Availability: Users can make quick and easy payments anytime, eliminating the worry of bank holidays or weekends.
Secure Payments: The platform is equipped with advanced features, including encryption and two-factor authentication, to completely secure sensitive information.
User-Friendly Interface: It is an easy-to-use platform, which makes the navigation seamless for first-time users.
Bill Payments: The BHIM UPI pay app allows users to pay their electricity, mobile and other bills without any hassle.
Rewards and Offers: You can take advantage of the rewards, cashback, discounts, and other offers to save money while making payments.
How Secure is BHIM UPI?
Security is a priority feature for any UPI pay app, and BHIM excels in that.
- Two-Factor Authentication: To add an extra layer of security, users must undergo two forms of verification when making transactions, including entering their UPI PIN.
- Encryption: All the data, including your UPI PIN, is encrypted by BHIM, which prevents unauthorised access, and only you can use it.
- Reset PIN: Users can conveniently reset their PINs in case they forget or encounter suspicious activity.
Step-by-Step Guide to Start Using BHIM UPI
To start using the new BHIM UPI app, follow the below-mentioned steps:
- Download the application from the Google Play or the App Store.
- Select the preferred language and choose the SIM card that is linked to the bank account.
- Set a unique password for logging and choose your bank account from the ones listed.
- Create your own Virtual Payment Address (VPA) or UPI ID.
- Link your ID to the bank account and set a unique UPI PIN.
- Once everything is done, you can start making transactions using your ID and PIN and even track your history to manage your finances.
Final Thoughts
By offering unmatched convenience, BHIM has transformed the way every Indian transacts. From an easy-to-use platform to implementing security measures, it has made online payments seamless for everyone.
Individuals looking to simplify their financial management can also explore Bajaj Finserv, which provides investment securities and is also the best UPI app. The user-friendly platform has robust security measures and allows users to link their multiple bank accounts, take advantage of numerous rewards, and make quick and easy transfers.
It’s time for you to embrace the power of technology and take your first step towards a cashless economy.