Full Form of BHIM | BHIM Full Form | What is BHIM

Full Form of BHIM | BHIM Full Form | What is BHIM | About BHIM

Full Form of BHIM is Bharat Interface for Money: BHIM (Bharat Interface for Money) may be a Mobile App developed by National Payments Corporation of India (NPCI), supported the Unified Payment Interface (UPI). it had been launched by Narendra Modi, the Prime Minister of India, at a Digi Dhan mela at Talkatora stadium in New Delhi on thirty Dec 2016.

Full Form of BHIM

According to Wikipedia:

BHIM (Bharat Interface for Money) is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It was launched by Narendra Modi, the Prime Minister of India, at a Digi Dhan mela at Talkatora Stadium in New Delhi on 30 December 2016. It has been named after Dr. Bhimrao 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 that platform, which is built over the Immediate Payment Service infrastructure and allows the user to instantly transfer money between bank accounts of any two parties. It can be used on all mobile devices.

Leave a Reply

Your email address will not be published. Required fields are marked *