BANK MANAGEMENT

CIA 3

SERVICE LEARNIING REPORT 1

Submitted by:

AZHAR CHECKOT SHIRAJ : (1928805)

JIJOY VARGHESE : (1928809)

PAUL JIJO : (1928818)

IRENA MIRIAM SANIL : (1928839)

IRENE MONISHA : (1928840)

1-MBA FM

Department of Management Studies

2019
INTRODUCTION

Bharat Interface for Money (BHIM) is an app

that lets you make simple, easy and quick
payment transactions using Unified Payments
Interface (UPI). You can make instant bank-to-
bank payments and Pay and collect money using
just Mobile number or Virtual Payment Address
(VPA). The concept of BHIM android app is
simple – ensure the availability of money transfer
option for each and every individual through
readily available mobile technology. To facilitate
this, the BHIM app features the use of the user addresses same as UPI, which is expected to
provide a uniform payment platform for sending and receiving money from one bank account
to another via phone.

Many experts have called the BHIM app, the BHIM UPI app and it is essentially true as the
app is based on the UPI or Unified Payments Interface developed by the NPCI (National
Payments Corporation of India). Being based on the same technology as the earlier UPI, the
new BHIM mobile app can even be used by novices to send money to their near and dear
ones in seconds. Even better, unlike earlier apps, you no longer need to provide beneficiary or
your own bank details again and again as the app maintains a readily-accessible confidential
record of all previous beneficiaries as well as the details of the sender’s account.

Each member on the team identified a beneficiary nearby to their homes or hostel in an effort
to educate the people who have been deprived of the benefits of digital payments.
 Azhar Checkot Shiraj identified:

1. Das who was a driver as 1st beneficiary.

2. Pannathat Krungkrai as 2nd beneficiary

 Jijoy Varghese identified:

1. Jo Junsu from South Korea as 1st beneficiary.

2. Arun who was a running a coffee shop as 2nd beneficiary

 Paul Jijo identified:

1. Lee Young Chan from South Korea as 1st beneficiary.

2. Jobin who was a worker in a coffee shop as 2nd beneficiary

 Irena Miriam Sanil identified

1. Bloom as 1st beneficiary.

2. Tenzin Wang Mo as 2nd beneficiary

 Irene Monisha identified:

1. Sohan who was a security guard as 1st beneficiary.

2. Somnang Horn as 2nd beneficiary