Govt Launches BHIM 2.0 with New Functionalities, Additional Language Support - 2019

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BHIM 2.0 : The IT Ministry on Monday unveiled a slew of new initiatives and programmes, including BHIM 2.0 that packs-in new functionalities, supports additional languages and has increased transaction limits.

Features & Benefits Of Upi 2.0


LINKING OVER-DRAFT ACCOUNT ON UPI
You can now link your over-draft account to UPI which was not available until now.

Customer Benefits
Gets a digital channel to access over-draft account.
Instant linking of over-draft account in UPI.

SIGNED INTENT & QR
With this option, while making payment using the intent or through scanning QR, the user will get additional security in the form of signed QR / intent. With the signed QR , issues related to tampering QR as well as having non-verified entities shall be reduced.

Customer Benefits
Will be assured of the authenticity of the receiver and will be informed if the QR is not secured.
Transaction shall be done faster as app passcode will not be required in case of signed intent.

MANDATE
With this feature you can pre-authorise (Mandate) a transaction, for debit from your bank account later. UPI mandate is to be used in scenarios where money is to be transferred later, however the commitment towards that is to be done now. It is possible that the sender may forget to send money later so creates a mandate or for a service/merchant payment wherein this functionality may be required. The customer's account shall get debited when the mandate is executed. UPI mandate can be executed one time only.

Customer Benefits
Can create mandate for payments that are to be done later.
In case of merchant payments/service, it acts as assurance to both the customer as well as merchant.

INVOICE IN THE INBOX ( VIEW & PAY)
So far when a collect request was sent you could only verify the amount being paid and make the payment post entering the UPI PIN. Now prior to making the payment you will be able to check the invoice being paid via a link and thereby verify the details of the transaction before you pay for the same. This functionality is only available for the invoices of verified merchants.

Customer Benefit
Gets to view the bill in the UPI app, verify the details and pay the invoice.

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