BHIM 3.0:
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 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.
- 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.
