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What does BHIM stand for?
What does BHIM mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: BHIM.
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What does BHIM mean?
- BHIM
- BHIM (Bharat Interface for Money) is a mobile payment App developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). It was launched by Prime Minister Narendra Modi at the DigiDhan Mela at Talkatora Stadium in New Delhi on 30 December 2016. It was named after B. R. Ambedkar and is intended to facilitate e-payments directly through banks as part of the 2016 Indian banknote demonetisation and drive towards cashless transactions.The app supports all Indian banks which use UPI, which is built over the Immediate Payment Service (IMPS) infrastructure and allows the user to instantly transfer money between bank accounts of any two parties. It can be used on all mobile devices.
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"BHIM." Abbreviations.com. STANDS4 LLC, 2024. Web. 10 May 2024. <https://www.abbreviations.com/BHIM>.
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