Modi: Your thumb is your bank |
On the fiftieth day since the implementation of demonetisation, Prime Minister Narendra Modi launched the digital payments app BHIM which will facilitate e-transactions with just a thumb impression. In two weeks, payment through use of biometric fingerprint will begin in India. With the BHIM app, onr will only require one`s thumb to pay. In the past, illiterate people were called `angutha-chaap` but now your thumb is your bank. It has become your identity now, PM Modi said at the DigiDhan Mela in Delhi.BHIM (Bharat Interface for Money) is a mobile payment application and a re-branded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data) modes of e-payment. Modi also felicitated the winners of the Lucky Grahak Yojana and DigiDhan Vyapar Yojana. Under these schemes, those who conduct digital payments of more than Rs 50 and less than Rs 3000 would be rewarded in a lucky-draw.
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