Since the app is backed by the Indian government there is a better sense of security while using the app. Bhim uses three levels of authentication, one between the phone and app, second between the app and the bank and the third between bank and the phone.
On the other hand, Paytm is a private firm but it has been in the e-wallet industry since the year 2010 and is well acquainted with the issues and potential of this industry.
Paytm uses its own wallet which needs to be recharged frequently. Whereas Bhim does not save money in an e-wallet by transfers money from one bank account to another using the bank information and phone number.
3 Paytm has undergone various updates and bug fixes which makes the interface much more smooth and user friendly.
Bhim on the other hand is reeling with bugs and occasional crashes. Once it crosses this teething phase, the app might become much simpler to use, in comparison to any other e-wallet in the market.
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