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    Question

    BHIM is a UPI based payment interface that allows real

    time fund transfers using a single identity like your mobile number or name. What does the тАЬMтАЭ in BHIM stand for?
    A Management Correct Answer Incorrect Answer
    B Member Correct Answer Incorrect Answer
    C Mobile Correct Answer Incorrect Answer
    D Money Correct Answer Incorrect Answer
    E Master Correct Answer Incorrect Answer

    Solution

    BHIM stands for Bharat Interface for Money. It is a UPI based payment interface that allows real time fund transfers using a single identity like your mobile number or name. It can be used for the following:

    • transfer and receive money from any person using UPI
    • pay bills on merchant websites with UPI
    • book flight tickets or recharge your mobile
    • scan a QR code to make quick payments
    • check your transaction history on UPI
    • send money to Account and IFSC code
    ┬а Note тАУ BHIM is not a wallet but a payments application.

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