Prime Minister Narendra Modi today launched an Aadhaar based mobile payment application called BHIM (Bharat Interface for Money) – a rebranded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data), at the Digi Dhan Mela event in Talkatora stadium in New Delhi. PM also felicitated winners of Lucky Grahak Yojana. At the event, PM also made payment to Khadi using the Bhim mobile application.
The app can be downloaded from Android app store.
The new app expected to minimise the role of plastic cards and the point of sale machines once believed to be essential for a less cash society.