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BHIM-UPI 3.0 Launched: Enhancing Digital Payments for Users and Businesses

Written by: Team Angel OneUpdated on: Mar 27, 2025, 11:23 AM IST
NPCI BHIM Services (NBSL), a subsidiary of NPCI, has introduced BHIM UPI 3.0 with new features to improve digital payments.
BHIM-UPI 3.0 Launched: Enhancing Digital Payments for Users and Businesses
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The Bharat Interface for Money (BHIM) app has been a key player in India’s digital payment revolution since its launch in 2016. Now, NPCI BHIM Services (NBSL), a subsidiary of NPCI, has introduced BHIM-UPI 3.0, a major upgrade aimed at improving accessibility, financial management, and merchant transactions. With new user-friendly features and enhanced security, this update is set to drive further adoption of digital payments across the country.

A New Era of Digital Transactions

BHIM 3.0 marks the third major upgrade since the app’s launch in 2016, bringing significant improvements in usability, accessibility, and financial management. Now supporting over 15 Indian languages, the update ensures a broader reach across the country.

Key enhancements include a split expenses feature, allowing users to divide bills for shared costs like rent and dining, with instant settlement. A family mode enables households to manage finances collectively by tracking shared expenses and assigning payments. Additionally, a spend analytics dashboard offers detailed monthly expense breakdowns, aiding in budgeting. The app also provides action-needed alerts, reminding users about pending bills, UPI Lite activation, and low balances.

Empowering Merchants with BHIM Vega

The latest update introduces BHIM Vega, a feature designed to streamline merchant transactions. This allows businesses to accept in-app payments, reducing dependency on third-party platforms and ensuring seamless transactions for customers. By enabling direct payments within the app, merchants benefit from faster and more secure digital transactions.

NPCI Non-Executive Chairman Ajay Kumar Choudhary stated that BHIM 3.0 represents a step towards a more inclusive digital economy. Lalitha Nataraj, CEO of NBSL, highlighted its focus on safety, convenience, and financial empowerment, aligning with India’s growing digital landscape.

Conclusion

BHIM 3.0 strengthens India’s digital payments ecosystem with enhanced user-centric features and merchant-friendly tools. With a phased rollout, full availability is expected by April 2025, further advancing financial inclusion across the country.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Published on: Mar 26, 2025, 2:24 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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