What does BHIM mean in Software?
This page is about the meanings of the acronym/abbreviation/shorthand BHIM in the Computing field in general and in the Software terminology in particular.
BHarat Interface for Money
Mobile payment app launched in 2016 by Prime Minister Narendra Modi of India.
Submitted by Greying_Geezer on December 30, 2016
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Definition
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. 25 Apr. 2024. <https://www.abbreviations.com/term/1842208>.
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