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BHIM App

  • June 5, 2020
  • Posted by: admin
  • Category: DPN Topics
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Subject: Science and Tech/ Economy

Context:

The National Payments Corporation of India (NPCI) has issued a statement that there has been no compromise of data on the BHIM app, after Israeli cybersecurity firm vpnMentor’s claims that it had discovered a breach of personal records of around 7 million Indians used to onboard them to the mobile payment app.

Concept:

  • Bharat Interface for Money (BHIM) is a payment app that lets people make simple, easy and quick transactions using Unified Payments Interface (UPI).
  • Direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the BHIM app.
  • Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been to bring in Financial Inclusion to the nation and a digitally empowered society
  • The BHIM apps has three levels of authentication. For one, the app binds with a device’s ID and mobile number, second a user needs to sync whichever bank account (UPI or non-UPI enabled) in order to the conduct transaction. Third, when a user sets up the app they are asked to create a pin which is needed to log into the app. Further, the UPI pin, which a user creates with their bank account is needed to go through with the transaction.

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