Narendra Modi's BHIM vs Paytm: Find out which one is better

The app registered 3 million downloads on Android's Play Store within 4 days of its launch and has crossed all-time popular applications like WhatsApp and Messenger.

Narendra Modi's BHIM vs Paytm Narendra Modi's BHIM vs Paytm

PM Modi released the BHIM app last week to promote digitaltransactions in the country. The app registered 3 million downloads onAndroid's Play Store within 4 days of its launch and has crossed all-timepopular applications like WhatsApp and Messenger to reach the number one position in Top Charts. Beingin it's nascent stage, the app is facing a lot problems dealing with theexceptional popularity.

Let's find out how the app fares against the other populare-wallet, Paytm.


Since the app is backed by the Indian government there is abetter 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 beenin the e-wallet industry since the year 2010 and is well acquainted with theissues and potential of this industry.

Mobile wallet

Paytm uses its own wallet which needs to be rechargedfrequently. It can be recharged via Netbanking or credit/debit cards.

BHIM does not save money in an e-wallet but transfers moneyfrom one bank account to another by just using the bank information and phonenumber.

User friendliness

Paytm has undergone various updates and bug fixes whichmakes the interface much more smooth and user friendly.

Bhim on the other hand is reeling with bugs and occasionalcrashes.  Once it crosses this teethingphase, the app might become much simpler to use, in comparison to any othere-wallet in the market.

Assuming the government will eventually release updates tofix the crashes and bugs, BHIM's simplified approach towards mobile banking canhelp Indians get through this demonetization phase with a little less trouble.