Hope you guys are aware about Indian government's latest discovery UPI payments. UPI stands for Unified Payment Interface.
UPI is kind of IMPS payment but to do UPI payment you dont need bank account number you just need to have UPI ID or registered mobile number of user. Funds will be transferred instantly to the bank account.
After the demonetisation PM Modi launched BHIM mobile application on 30th December 2016 at Digi Dhan mela at Talkatora stadium New Delhi. BHIM mobile app got tremendous response from the customer as well as merchants. Many technical biggies analysed big business opportunity in UPI payment. Then many big companies launched their own UPI apps like Tez launched by Google, Paytm UPI, Whats app payment, Phonepe (Flipkart group company) and many more.
You all must be aware about the rise of phonepe with their incentive model for UPI transaction. Let's see the rise of UPI transaction because of incentive model of google Tez.
Image credit: https://qz.com
After seeing this data government of India gravitates towards incentivising their user of BHIM mobile app.
Yes! You can earn sure shot money by tranacting money with BHIM mobile app. Let's see how we will earn money. Before that I am assuming that you have your account with BHIM mobile app already right? If no then it's easy just download their mobile app and follow basic steps.
Through BHIM mobile app customer can earn two types of income.
1) Per transaction income
2) Income on total number of transactions.
1) Per transaction income:
On every transactions to other unique VPA/UPI ID, account number or mobile number you will get INR 25. Minimum transfer amount must be INR 100. You can earn maximum INR 500/month via this type of income. My few friends tried to transfer within their accounts but that was not counted by BHIM app for incentive.
This amount will not be credited instantly, it will be done on every month's end in your account.
2) Income on total number of transactions:
If you will do 25 to 50 transactions in a month of more than INR 10 you will get INR 100 as incentive. 50 to 100 you will get INR 200 and if 100+ INR 250.
So, Start using BHIM UPI app and get incentives.
If you have any query you can ask in the comment section.
Till then take care!