Prime Minister Narendra Modi on Friday launched Bharat Interface for Money – BHIM – an app that lets users make payments using Unified Payment Interface.
Only available on Android for now, the app lets users pay and receive money with no processing fee. A transaction cost, however, may be levied by the user’s bank. For now, the app lists 30 banks including SBI, HDFC, ICICI, Union Bank of India, South India Bank, and Standard Chartered, among others. To find the app on the Play Store, search for BHIM UPI.
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