BHIM 3.0

• 27 Mar 2025

Source: BS 

The NPCI BHIM Services Limited (NBSL), a subsidiary of National Payments Corporation of India (NPCI) has launched Bharat Interface for Money (BHIM) 3.0 app. 

• BHIM 3.0: It is an upgraded version of BHIM. 
  • BHIM Unified Payment Interface (UPI) was launched in 2016 to provide a simple, fast, and secure method for cashless payments using UPI technology. 
  • It enabled users to send and receive money instantly through mobile phones, without requiring bank account details. 
• Key Features of BHIM 3.0: 
  • BHIM 3.0 has enhanced accessibility and security with support for 15+ languages, low-internet optimization, and improved security features for safer transactions. 
  • For users, it offers Split Expenses, Spends Analytics, and an Action Needed Assistant (reminders for pending bills) for better expense tracking and financial management. 
  • For merchants, BHIM Vega offers a seamless in-app payment system, enabling seamless transactions without switching platforms. 
• NPCI: NPCI was founded in 2008 by the RBI and Indian Banks' Association under the Payment and Settlement Systems Act, 2007, to oversee and manage retail payments and settlement systems in India. 
  • NPCI International Payments Ltd. has expanded UPI to 7 countries, including Bhutan, Mauritius, Nepal, Singapore, Sri Lanka, and France with 20 apps like PhonePe, Paytm, and Google Pay supporting international transactions. 

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