Acolytes

1. Where to download bhim app from? You can download the app from here: https://play. google .com/store/apps/details?id=in.org.npci.upiapp 2. How to use bhim app? After downloading the BHIM app from the Play store, the user has to register his/her bank account and set up a UPI Pin for it. The user’s mobile number will become the payment address. Once registered, you can start transacting using the BHIM app. 3. How can I send or receive money using the BHIM app? The user can send or receive money from friends, family and customers through a mobile number (payment address). The money can also be sent to non-UPI supported banks. This can be done using MMID and IFSC. The user can also collect money by sending a request and reverse payments if required. . 4. Other details The user can check his/her balance and make transactions on the go. The user can create a custom payment address in addition to his/her phone number. A Q...

  Highlights The UPI rollout started last week with 19 banks UPI is an interoperable money transfer system It brings the convenience of a wallet, and the power of your debit card Of late, you've probably been hearing a lot of jargon flying about money transfers - terms like UPI, NPCI, IMPS, among others. There's been a lot of excitement about new UPI apps such like Axis Bank’s Axis Pay, ICICI's Pockets, and Flipkart's PhonePe , but what do these apps do? We're here to help and make sense of all these terms. What is UPI? In really simple terms, the UPI (Unified Payments Interface) is a payments system - just like a cheque, your debit card, or a mobile wallet. The UPI, which went live last week is interoperable between banks, so it doesn't matter if you have an account with Axis Bank or ICICI Bank or Yes Bank - and that's thanks to the NPCI (National Payments Corporation of India), which is the same organisation that ...

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