The National Payments Corporation of India (NPCI) has announced the launch of BHIM 3.0, a major upgrade to the Bharat Interface for Money (BHIM) app. This new version brings a host of enhanced features, aimed at improving the digital payment experience for users across India.

Since its inception in 2016, BHIM has evolved significantly, and with this third major upgrade, it introduces key advancements for both individual users and businesses. BHIM 3.0 is designed to make digital payments more accessible, secure, and user-friendly, while also offering smarter tools for money management.

Key Features:

  1. 15 Indian Languages Supported: To cater to a more diverse user base, BHIM 3.0 now supports over 15 languages, making it easier for users from different regions to access and use the app in their preferred language.

  2. Optimized for Low Connectivity Areas: BHIM 3.0 has been enhanced to work efficiently even in areas with low or unstable internet connectivity, ensuring seamless transactions even in remote locations.

  3. Split Expenses Feature: A standout feature, users can now easily split bills among friends and family for activities like dining, shopping, or rent. This feature eliminates the hassle of manual calculations and makes group payments simpler.

  4. Family Mode for Easy Household Management: BHIM 3.0 introduces a ‘Family Mode,’ allowing users to onboard family members, track shared expenses, and assign payments, making household financial management easier than ever.

  5. Spends Analytics Dashboard: The app now includes a spends analytics dashboard, providing users with an overview of monthly expenses and automatically categorizing transactions for better financial planning.

  6. Action Needed Assistant: BHIM 3.0 comes with a helpful task assistant that reminds users of pending bill payments, prompts them to enable UPI Lite for faster transactions, and alerts them when their 'Lite Balance' is running low.

  7. New Payment Solutions for Merchants: BHIM 3.0 introduces ‘BHIM Vega,’ an integrated in-app payment solution for businesses, allowing merchants to accept payments instantly without switching between platforms.

  8. Enhanced Security and User Experience: With improved security protocols, BHIM 3.0 ensures that users’ financial data remains protected while providing an intuitive interface for smoother navigation.

  9. Faster Transaction Processing: The app now allows faster processing of transactions, especially with the integration of UPI Lite, ensuring quicker payments for users across India.

  The updated version of the app will be rolled out in phases, with full availability expected by April 2025.