NPCI BHIM Services Limited (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), has launched Bharat Interface for Money (BHIM) 3.0.
BHIM 3.0 represents its third evolution since its launch in 2016 by Prime Minister Narendra Modi. The new BHIM 3.0 app provides customer-friendly and more intuitive experience.
BHIM 3.0 now offers more languages, with availability in over 15 Indian languages to enhance accessibility. It works efficiently in low internet areas, being optimised for seamless transactions even on slow or unstable network connections. It also provides better money management through advanced tools that help users track, manage, and split expenses with ease.
Users can now split bills with friends and family seamlessly. Whether it is dining out, rent payments, or group purchases, the BHIM app allows users to divide expenses and make payments directly, ensuring hassle-free settlements.
Users can now onboard family members, track shared expenses, and assign specific payments. This feature enables better financial planning by giving families a consolidated view of their expenses. The new dashboard offers an intuitive view of a user’s monthly spending patterns for the spends done on BHIM App. It automatically categorises expenses, helping users analyse and manage their budget without needing complex spreadsheets.
A built-in task assistant reminds users of pending bills linked to the BHIM app, prompts them to enable UPI Lite, and alerts them when their Lite balance is low. It ensures users stay on top of their financial activities.
BHIM Vega is an seamless in-app payment solution for merchants. This feature integrates with online merchant platforms, allowing customers to complete payments instantly within the app without switching to third-party apps.
BHIM 3.0 will be rolled out in phases across platforms, with full availability expected by April 2025.
