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 “M” in BHIM stand for?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
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