PM Narendra Modi launches BHIM app for e-payments, links it to Bhimrao AmbedkarHitting back at opponents of the government’s push to digital payments, the Prime Minister said that there is no cure available for these critics but thousands of opportunities for those with hope.By:ENS Economic Bureau| New Delhi |Updated: December 31, 2016 5:13 amLAUNCHING A re-branded mobileapplication for the Unified Payments Interface (UPI), called Bharat Interface for Money (BHIM), Prime MinisterNarendra Modiexhorted citizens to use digital modes of transaction, saying that a biometric payment system based on the Aadhaar platform would also be launched within two weeks. Speaking at the DigiDhan Mela Friday, Modi said that for this platform, one wouldn’t need a mobile phone or Internet connectivity, but only the thumbprint. He said that there was a time when people used to address an unschooled person as “angoothachaap”, but now thatthumbprint can act as a person’s bank, his identity, and even run the business.The indigenously developed mobile application — BHIM — hasbeen named after Dr Bhimrao Ambedkar, Modi said, adding that, the Reserve Bank of India, and the concept of finance commission to distribute wealth between Centre and states, were the brainchildren of Ambedkar’s research. The app will facilitate retail banking operations such astransfer of money, checking balance, etc through UPI, which was developed by the National Payments Council of India.
https://play.google.com/store/apps/details?id=in.org.npci.upiapp