BHIM app will replace all cash transactions in India: PM Modi

India’s Prime Minister Narendra Modi today announced a new app to encourage more Indians to pay online in the aftermath of invalidation of most circulated cash last month.  Called Bharat Interface for Money (BHIM), the app works on top of the country's UPI mobile banking platform and uses a mobile number as the payment address. The app, which has the simplest user interface for any UPI-enabled app to date, is positioned as a substitute for plastic cards and point-of-sale terminals.&nb