BHIM App has named as the largest used UPI-based app in India. Now the BHIM App has introduced cashback offer for its clients as part of 2 new incentive programs offered by Government of India. The BHIM Cashback offer has been announced on Friday 14th April 2017. The 2 new incentive programs introduced by Government were named as BHIM Referral Bonus Scheme and BHIM Merchant Cashback Scheme. The principal motto of these schemes is to expand the number of users and merchants. Through BHIM referral system, users can get the benefits of cashback.
BHIM Aadhaar Pay App Launched With Incentives for Customers and Merchants :
BHIM Referral Bonus Scheme for Common People
Under BHIM Referral Bonus Scheme users can get a bonus by referring the new candidates. Under this scheme referrer and the referee can get a minimum sum of Rs 50 with the completion of 3 successful transactions. BHIM Referral bonus of Rs 10 per successful transaction for referral will be awarded while Rs 25 for a new user for downloading and making the transaction from the BHIM App.
BHIM Merchant Cashback Scheme for businesses
BHIM Merchant Cashback scheme was introduced to promote the BHIM App among the merchants to use BHIM Mode either QR code or VPA or Mobile number or “Pay to Aadhaar”. Under this scheme merchants will get Rs 100 Cashback every month for 50 to 100 transactions.
For more than 200 transactions, the merchant stands an opportunity to get Rs. 50 paise per exchange till up to Rs. 300 every month – paving the way to Rs. 1,800 for six months. Cashback is regularly credited to the dealer’s record on the seventh of consistently. There is one more proviso, however; you are qualified for cashback if out of your 50 clients, 20 are one of a kind and active. This plan is basically to expand the number of shoppers enlisted on BHIM, to get a greater amount of the traders’ clients locally available, and furthermore increment the number of merchant payment transactions using BHIM app.
BHIM App crosses 18 million Clients
The organization has additionally reported that the BHIM application now has 18 million clients (in light of downloads from Google Play and App Store), increasing one million since February. The BHIM App was launched in December 2016, and has now been refreshed to rendition 1.3 to support new languages; cash exchange to telephone contacts, QR code filtering, one-time choice to alter Virtual Payment Address (VPA), among other significant enhancements.