Seeing Expansion of UPI based payment app and their integration with various social media apps like whatsapp and Facebook — Makes me Curious that what distinguishes one UPI app from other . Comparing Gpay with Bhim(bharat interface for money)
Speed -Bhim is slower than Google pay .But PhonePe is surpassing Gpay as well . All are using entity function model where recipient and others are in user form(Chat can be done ) .
Features— Bhim allows payment for only those accounts where adhaar number is registered with account numbers . No such provisions in other apps . Gpay syncs data from email ,location,map ,contact history . Phonepe also uses same .
Security-Bhim allows additional security as it only allows registration with SIM used in account number . SIM should be same in phone . Secondly it asks for passcode. Gpay used Tez which uses phone based screen lock and then passcode.
Transaction Limits — Bhim ( 20k per day ) and not more than 20 Transactions per day . Gpay allows 1 Lakh max and no more than 20 Transactions
