In December 2016, the National Payments Corporation of India developed a mobile payment app named as__________

Question

Question

This question was previously asked in

SSC CHSL Previous Paper 13 (Held On: 2 Jul 2019 Shift 2)

Attempt in App

Answer 1

The correct answer is option 3, i.e. BHIM.

Bharat Interface for Money (BHIM) provides a fast, secure, reliable medium to make digital payments through your mobile phone using UPI (Unified Payment Interface) platform via Mobile App and USSD (Unstructured Supplementary Service Data) platform via *99# service.
BHIM was launched by Hon’ble Prime Minister on 30th Dec 2016 and within 10 days, the BHIM app had 1 crore downloads from Andriod Play Store and over 2 million transactions across the UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data) platforms.
BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts.
BHIM is developed by the National Payment Corporation of India (NPCI), a not-for-profit company for providing retail payment systems in the country under guidance from Reserve Bank of India.
Salient features of BHIM App are as below:

i. Instant money transfer at all times.

ii. Direct transfer from one bank account to another.

iii. Scan and pay option by scanning QR code to make the payment)

iv. Generation and sharing of personalized QR code