Bharat Interface for Money (BHIM), is being popular in Indian economy for the banking transaction. Indian Finance Minister Arun Jaitley, while presenting the Union Budget 2017, revealed that more than 125 lakh people are using BHIM app.
Two new policies will be announced by Indian Government for the expansion of digital India- one will be payment for individual and other will be 'cash back yojana for merchants.
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BHIM application have linked with UID, which will allow to use aadhar card number for transaction. This new policy will be beneficial for the people, who do not have credit or debit cards.