BHIM 3.0 launched: New features, how it works and more about NPCI’s Bharat Interface for Money new service
The National Payments Corporation of India has rolled out BHIM 3.0, introducing features like Split Expenses for bill sharing, Family Mode for monitoring household finances, and Spends Analytics Dashboard for expense tracking. The update enhances accessibility, supporting over 15 languages, and improves security, while also offering the BHIM Vega solution for merchants.
Mohini Kuwar
BHIM 3.0 Launched: New Features, How It Works, and More About NPCI’s Bharat Interface for Money New Service
News by dharmyuddh.com
Introduction to BHIM 3.0
The National Payments Corporation of India (NPCI) has introduced the latest version of its robust digital payment application, BHIM 3.0. This update marks a significant advancement in enhancing user experience and expanding the functionalities of the already popular Bharat Interface for Money (BHIM) service. BHIM 3.0 promises to improve the way users engage with digital transactions while ensuring enhanced security and ease of use.
New Features of BHIM 3.0
Among the notable new features of BHIM 3.0, users can expect an updated user interface that is more intuitive and user-friendly. Additionally, the app introduces options for QR code scanning, refining the process of making payments. One of the most talked-about features is the addition of age-specific themes tailored for a more personalized experience. There are also improvements in payment processing time and increased transaction limits, making it easier for users to send and receive money.
How BHIM 3.0 Works
BHIM 3.0 operates on the UPI (Unified Payments Interface) framework, allowing users to send and receive money effortlessly. Users need to link their bank accounts to the BHIM app, after which they can initiate transactions using their mobile number or UPI ID. The built-in security measures include a PIN and advanced encryption protocols to ensure safe transactions.
Benefits of Using BHIM 3.0
With the launch of BHIM 3.0, users can enjoy several benefits such as faster transaction speeds, enhanced security measures, and a wider acceptance network. This improved application allows for seamless integration with various services, including bill payments, online shopping, and more. The enhanced user experience is set to make digital payments more accessible to individuals and businesses alike.
Conclusion
BHIM 3.0 signifies a crucial step towards digitization and financial inclusivity in India. As NPCI works towards improving the infrastructure around digital payments, users can look forward to even more updates and features that cater to their growing needs. For more updates, visit dharmyuddh.com.
Stay tuned for more details on the latest innovations in the world of digital payments and banking!
