BHIM vs Paytm – Difference between BHIM UPI App and Paytm App
New Delhi, India – 2017 – Difference between BHIM UPI App and Paytm App – Even though Paytm has been one of the biggest e-wallets in the country, BHIM being a NPCI regulated application, has multiple reasons of being compared to Paytm or any other UPI apps.
So here is our analysis between Paytm and BHIM.
Which is better – BHIM and Paytm?
About Paytm – What started just as a mobile recharge platform has now become a different payment method and like cash and bank balance, paytm has become one of the most used currencies in the country.
About BHIM – Instead, BHIM wasn’t launched as a wallet or payment method but it was just launched as an application that enables users to make payment without any extra burden of handling cash, using card, or using multiple details about someone’s account number.
Is BHIM a UPI App?
Yes, BHIM app is a UPI application and supports payment through the UPI payment method.
Anyone who is a customer of any of the banks that support bhim app, he or she can easily download BHIM app and create an account there.
After that, the user shall have to link BHIM app to the mobile number, account and BHIM will enable making payment just through the mobile number or UPI address of the user.
Users need not to store money in BHIM to use it.
Is Paytm a UPI App?
We can’t say that Paytm is a UPI application however Paytm has enabled UPI system on its application which means that you can use any UPI app to add money into BHIM.
Now with the addition of UPI in Paytm, paytm users can add or request money from any UPI address however paytm doesn’t let its users create their UPI address through Paytm.
So one of the difference between Paytm and BHIM is that BHIM is a complete UPI payment interface whereas Paytm is half UPI enabled.
Can you use BHIM on Paytm?
Now the question arises that being a payment method, does BHIM enable you to make payment on Paytm?
Well, surprisingly, yes it does.
And thanks to paytm for this.
Paytm and BHIM can work together on the basis of this fact that Paytm allows adding money through UPI which means you can add money through BHIM too.
All you need to do is that use your BHIM app to accept payment request made to your UPI address.
Which has better interface – BHIM or Paytm?
Now, another point that may come across is the user interface and usability.
So in terms of usability, which app is better – Paytm or BHIM?
Let us agree to disagree here because yeah, Paytm is way much better than BHIM App when it comes to the user interface.
However meanwhile, we must add that less functions and options in BHIM also make it easy to understand for new users which is a positive thing considering the fact that Paytm and BHIM were made with different goals.
BHIM needs to be usable for even that person who doesn’t so any online transaction or shopping whereas Paytm is mostly used for shopping online.
Choosing between BHIM and Paytm
So which one should you choose – BHIM or Paytm?
Let me clarify this here.
You must have both.
- BHIM – because it is a government regulated app and now has cashbacks either. It might be useful when it comes to use government benefits and schemes.
- Paytm – because it has a wide range of services and has much more advances structure and web of accepting stores.
So in our comparison of BHIM and Paytm, we must say that both apps are equally useful but keeping different scenarios in mind.