BHIM SBI Pay: Tired of adding beneficiaries? Do this for instant transfer
BHIM SBI Pay: Are you tired of adding beneficiaries to your account when transferring money and looking for a quick fix solution. You can try BHIM SBI Pay which is a UPI App of the State Bank of India (SBI). The payment solution allows account holders of all banks participating in UPI to send money, receive money and do online bill payments, recharges, shopping, etc using smart phones.
BHIM SBI Pay users are not required to do beneficiary registration before transferring funds. The users require any one of Virtual Paymat Address (VPA)/ Account+IFSC Code / Aadhaar Number / QR code of the beneficiary. These details can be stored for future use so that every time you need not have to enter the beneficiary details.
Does the beneficiary also have to register for UPI for receiving funds?
In case of VPA and QR Code mode, the beneficiary needs to register with UPI and in turn will have a Virtual ID (VAP) or QR code. But in case of Account+IFSC the beneficiary need not be registered for UPI.
The money is transferred into the bank account of the beneficiary so he must have a bank account.
How can I refer my contact/friends for registering and use BHIM SBI Pay?
You can refer BHIM SBI Pay App to your contacts & friends through various modes like SMS, WhatsApp, email, Share to phone, Facebook, etc.
For sending invitation, login to BHIM SBI Pay App, go to main menu and select ‘Invite’ tab.
Select type of message from the various option shown to send the invitation register for SBI Pay App to the contacts/friends.
The user receiving the invite can download and install the BHIM BI Pay app from the link provided in your message.
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The SBI customers can use other UPI applications on the same mobile phone. They can link same as well as different accounts in Bhim SBI and other UPI apps. Since the Bhim UPI Pay is linke with the bank account, you cannot link a mobile wallet to the App.
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