AskwikiTech Blog

Thank you

Subscribe via email

Enter your email address:

Its a win-win when Customers and Merchants use BHIM

India's Prime Minister Narendra Modi launched BHIM – Bharat Interface for Money – with a aim to provided India a tool that can be a one-stop solution for all digital payments.

Now lets understand, whats in it for a Customers and for a Merchants, if they use the BHIM app.. The
government of India, recently launched two schemes to promote usage of BHIM

1. BHIM Referral Bonus Scheme,
2. BHIM Merchant Cashback Scheme

Lets understand them little better, one by one

1. BHIM Referral Bonus Scheme (For Individuals) : The Referral Bonus scheme will incentivize existing BHIM users for bringing new users on the BHIM platform and encouraging the new users to do transactions with others using BHIM or by referring new users on BHIM. Hence, the bonus will be paid to both the referrer and the new user of BHIM (referee). The referral will be considered successful only after 3 unique successful financial transactions have been completed by the new user. 

On completion of minimum 3 unique successful transactions totalling only Rs. 50 to any 3 unique users (either to customers or to merchants), the referrer and the referee will be notified about the bonus amount via notification in BHIM app. The referrer will get Rs 10 per successful referral, while the new users will get Rs 25 for downloading and transacting from BHIM App

Play this video for easy understanding..

 

2. BHIM Cashback scheme for Merchants :  The scheme incentivizes not just one-time adoption of BHIM by merchants, but will also encourage transactions via BHIM mode (either QR code or VPA or Mobile number or “Pay to Aadhaar”). The cashback to the merchant can be up to Rs.300 per month, with each merchant eligible to win up to Rs. 1800 in 6 months.



If you have not yet tried the BHIM app, pls refer the image instructions.


If this is still not clear, you could also refer Register BHIM App

Friends, if you liked this article, please share this on the social media, spread awareness
Related Posts Plugin for WordPress, Blogger...

0 comments:

Latest Tech Updates