Prime Minister Narendra Modi on 30 December 2016 launched an Aadhaar-based mobile app, Bharat Interface for Money (BHIM). The app is named after the main architect of Constitution of India, Dr Bhim Rao Ambedkar.
The app BHIM will facilitate digital cash transactions with a thumbprint after the bank account is linked with Aadhaar gateway. It was launched at Digi Dhan Mela at Talkatora stadium in New Delhi.
While addressing Digi Dhan Mela PM Modi said, the power of technology will help in empowering and uplifting the poor, which was the mantra of Dr Ambedkar. He also said that once an illiterate was associated with the thumb but with the launch of this app the thumb has turned up to be an identity of people as well as the bank.
The Prime Minister also said that the government is working to empower BHIM and its security is being worked on.
Apart from this, the Prime Minister who on this occasion also felicitated winners of Lucky Grahak Yojana had urged citizens to adopt digital currency from the New Year that is January 2017.
The app that will allow people to go digital in terms of payment was the need of this hour, at least when the whole country is feeling the heat of demonetisation of India’s biggest banknotes of Rs 500 and Rs 1000. This Aadhaar-based mobile payment application will allow people to make digital payments directly from their bank accounts.