PM Narendra Modi a week ago launched Bharat Interface for Money, or BHIM, which has been based on top of the United Payment Interface (UPI) propelled a year ago. On the off chance that organizations like Paytm, Mobikwik and Freecharge were having a field day since November 8, the BHIM application could mean lower business for them in light of the fact that on the substance of it BHIM appears a more helpful and more straightforward application for customers.


According to Amitabh Kant, CEO of Niti Ayog, the BHIM application has been downloaded for more than 3 million download on Google Play Store and more than 500,000 exchanges have as of now been made as such. Considering the application is not accessible on iOS and Windows yet, that is an immense number as of now.

While BHIM has eased to access, PayTM is all the more broadly utilized the country. Both remain imperfect, both have their advantages however which one ends up as the winner? We should investigate.


BHIM is NOT an e-wallet. It can be viewed as an easier way to access your bank account to make payments, exchange and get cash. This means you don’t have to add cash to BHIM since it is basically your bank account. There are a several ways through which you can use BHIM, using a mobile number if your bank supports UPI, using IFSC and MMID, and using kind of QR codes. You can access all the features being offline by using *99# USSD code.

The installation and setup of BHIM are incredibly easy, Paytm is not so much.

This doesn’t mean using PayTM is difficult, one might say that BHIM is less demanding than PayTM. To use Paytm you need to add money to the wallet every time it comes up short on cash, the application accompanies a few components and choices that can be a slight bit confusing to the first-run through customers or somebody who never used a mobile phone.

Most banks in India are UPI-empowered at this point, which implies all you need is a mobile number to send or get cash through BHIM, the same goes for installments.


PayTM has set up a few efforts to establish security. All transactions between Paytm and banks are made through secure gateways that have their own particular security frameworks, it also utilizes PIN or pattern lock to access PayTM. PayTM has been in the market throughout recent years, and no hack endeavors, effective or something else, have been accounted for as such. So it’s protected to accept that Paytm is practically secure.

Then again, very little is thought about BHIM’s security. The application utilizes three levels of validation, first between the application and the mobile, second between the application and the bank, and third between the bank and the mobile. The greater part of this sounds enough.

Reliability and Trust:

Propelled by National Payments Corporation of India (NPCI), BHIM carries government’s name with it, which obviously moves more trust than a private firm. Since BHIM is a UPI application, you can simply contact your bank on the off chance that anything turns out badly

PayTM has additionally set up its measures if something goes south, in any case, they require long, repetitive converses with a customer care executive and may wind up in long mail trails as well. Since PayTM is not recently roadside seller who might deny having worked with you, you can rest guaranteed to discover an answer for an issue in the long run.

In terms of usage, PayTM is currently more reliable. Its servers seem more robust and there are fewer bugs. BHIM, on the other hand, is having some teething issues.

Related Article: Paytm to invest INR 5000 Crore in Core Business


It is still too soon to convey a decision on BHIM, in any case, we can state for a reality that it is conceivably the simplest online installments application out there. There is doubtlessly BHIM is a long separation from overwhelming the prevalence of applications like Paytm, however in the event that the producers fix the bugs and put in more endeavors to market it better, someplace in accordance with what PayTM, Freecharge, and MobiKwik have been doing, BHIM could turn into the best cashless app India was searching for.

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A writer having expertise in writing Multiple Domains. An Enthusiastic writer with a passion for Reading and writing. A Dedicated Reader and Multi Dimension Writer in WEXT India Ventures. I'm creating highly informative content for WEXT India Ventures about Entrepreneurship and Shark Tank India.

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