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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 β€œM” 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
      Β  Note – BHIM is not a wallet but a payments application.

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