"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
14 Apr 2017
The Aadhar linked Bharat Interface for Money, or the BHIM-Aadhaar app was launched today by Prime Minister Narendra Modi on the occasion of 126th Birth Anniversary of Dr B R Ambedkar in Nagpur.
The PMO India tweeted that "We are reaching a time when the mobiles phones will be where financial transactions will take place", and that "The BHIM App is positively impacting several lives across the nation".
Developed by National Payments Corporation of India (NPCI), the linking of the BHIM platform to Aadhaar makes bio-metrics based payments a reality. Once implemented, the customers will be able to make transactions by just using their fingerprints. This would also help eliminate the need of credit and debit cards that attract service charges while boosting the implementation of less cash economy in India.
The PM mentioned that this app would help in implementing a cleanliness drive that will fight against the menace of corruption. The use of BHIM-Aadhaar app for transactions will not attract any service fees and makes it an attractive option over credit cards.
Also, while the bio-metrics based authentication makes it one of the most secure methods of transactions, it also presents one of the easiest mode of transactions.
