Your thumb will now act as your bank: PM Modi
NEW DELHI: In a renewed push to turnIndiaintoacashlesseconomy, Prime Minister Narendra Modi on Friday launched an Aadhaarbasedmobilepaymentapplication thatrequiresonlytheuser’sthumb impression to operate.
Modi named the new app BHIM, short for Bharat Interface for Money, and dedicated it to Dalit icon Babasahib Bhim Rao Ambedkar. “Dr Ambedkar’s mantra was to work for uplifting the poor, and the biggest power of technology lies in empowering them,” he said at the DigiDhan Mela at Talkatora Stadium here.
The Prime Minister said the BHIM app can be used on all mobile devices, be it a smartphone or a feature phone costing 1,000-₹2,000. “There is no need for Internet connectivity, one only needs the thumb. There was a time when illiterate people were called ‘angutha chchap’. But times have changed, and your thumb is your bank now. It has become your identity,” he