The National Payments Corporation of India (NPCI) has officially launched BHIM 3.0, an upgraded and enhanced version of the BHIM App. This latest version introduces several new features, improving user experience and security. NPCI expects that BHIM 3.0 will further boost digital payments in India.
Enhanced Features of BHIM 3.0
BHIM 3.0 comes with a range of improvements designed to make digital transactions easier and safer. Among the key additions are:
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Expense Sharing: Users can split bills and share expenses among family and friends.
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Family Account Integration: Members of a family can be added to the app for better financial management.
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Transaction Tracking: A new feature to keep track of expenses and spending patterns.
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BHIM Vega for Merchants: A specialized feature to help shopkeepers manage business-related transactions seamlessly.
Availability of BHIM 3.0
BHIM 3.0 will be rolled out gradually across all platforms, including the Google Play Store and Apple App Store. The full version will be available by April 2025. The app is launched under NPCI BHIM Services Limited (NBSL), ensuring a secure and efficient payment solution.
Benefits for Users and Merchants
NPCI emphasizes that BHIM 3.0 offers several advantages for both individual users and businesses.
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The app now provides functionalities similar to Google Pay, PhonePe, and Paytm, making digital transactions more accessible.
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It is designed to work smoothly even with low internet connectivity.
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Merchants can benefit from the new BHIM Vega feature, allowing seamless in-app business transactions.
Special Features of BHIM 3.0
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Multi-language Support: The app is available in more than 15 Indian languages, making it more user-friendly.
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Spends Analytics Dashboard: Users can analyze their monthly spending habits and manage budgets more effectively.
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Action Needed Alerts: A feature that reminds users about pending bill payments and low account balances.
Rollout and Future Plans
The rollout of BHIM 3.0 will continue throughout April 2025, ensuring accessibility for all users. Initially launched by Prime Minister Narendra Modi in 2016, the BHIM app has undergone several updates, with BHIM 3.0 being its most advanced version yet.
With the inclusion of new features, a secure interface, and a focus on merchant-friendly services, BHIM 3.0 is expected to play a key role in India's digital payments landscape. Stay tuned for more updates as the app becomes fully operational across all platforms.
