The National Payments Corporation of India (NPCI) has recently launched a new and updated version of the BHIM app, BHIM 3.0. With this new upgrade, many important features have been added to the app, with the help of which it will be even easier for users to make digital payments and keep track of expenses. This upgrade aims to make digital payments more user-friendly so that people can transact easily and securely. The rollout of BHIM 3.0 will take place in various phases, and its full rollout is expected to be completed by April 2025.
New Features of BHIM 3.0
- Split Expense Feature: A new feature has now been added to BHIM 3.0 called ‘Split Expense’. With the help of this feature, users can easily split food, rent, shopping, and other expenses among friends and family. This will make it easier for everyone to pay their share.
- Family Mode: The new Family Mode allows users to add their family members. Through this, users can track all the expenses of their house and share those expenses with other family members. This mode makes it even easier to manage the household budget.
- Spend Analytics Dashboard: A new Spend Analytics Dashboard has also been introduced in BHIM 3.0, which provides users with a complete analysis of their monthly expenses. This dashboard automatically categorizes transactions, allowing users to fully assess their expenses without any external tool and helps in budgeting.
- Language Support: BHIM 3.0 is now available in more than 15 Indian languages, making it even easier for users of different languages to make digital payments. Through this, people from every class and region can easily use the app, thereby widening the reach of digital payments.
- Improved internet connectivity: The BHIM 3.0 app can now work seamlessly even in areas with low or unstable internet connectivity. This means that users will not face any problem in making transactions, no matter what the network connectivity is.
- Security and protocol: The security of the app has been further strengthened with the new update. Apart from this, the Action Needed Assistant feature reminds users of pending bills, prompts for UPI Lite activation and also alerts when the balance is low.
New features for merchants
Now a new feature has also been added to BHIM 3.0 for merchants, called BHIM Vega. It is an integrated in-app payment method that provides merchants with the facility of instant transactions without switching between platforms. Through this, merchants will not face any interruption in transactions, and it will be even more convenient for customers to make payments.
What is BHIM 3.0?
BHIM 3.0 is a new and updated version of the BHIM app launched by the National Payments Corporation of India (NPCI). Many new and advanced features have been added to it, which make digital payments even easier and safer.
What are the new features added in BHIM 3.0?
Split Expense Feature: Users can split their expenses among family or friends.
Family Mode: Allows you to track all household expenses and share it with another family member.
Spend Analytics Dashboard: Allows you to analyse monthly expenses and keep track of expenses.
Language Support: Available in 15+ Indian languages.
Better Internet Connectivity: Works even in areas with low network connectivity.
Security and Protocols: Features like strong security and activation/balance alerts.
What is Family Mode in BHIM 3.0, and how can it be used?
Family Mode allows the user to add his family members and track household expenses. In this, the user can share all his expenses with other family members and manage the budget in a better way.
What is the Spend Analytics Dashboard in BHIM 3.0?
This dashboard provides users with a complete analysis of their monthly expenses. It automatically categorizes transactions, allowing users to assess their expenses without any external tools and helps in budgeting.
Are there language options in BHIM 3.0?
Yes, BHIM 3.0 is now available in over 15 Indian languages, making it even easier for users of different languages to make digital payments.
Do I need high internet connectivity to use BHIM 3.0?
No, BHIM 3.0 can now work better even in areas with low or unstable internet connectivity. This means that no matter what the network connectivity is, there will be no problem in transactions.
What’s new regarding security in BHIM 3.0?
Security has been further strengthened in BHIM 3.0. Additionally, the “Action Needed Assistant” feature reminds the user of pending bills and alerts when the balance is low.
What are the new features for merchants in BHIM 3.0?
A new feature, BHIM Vega, has been added for merchants. This is an integrated in-app payment method that allows merchants to make instantaneous transactions without any interruptions.
When will the rollout of BHIM 3.0 be completed?
The rollout of BHIM 3.0 is being done in a phased manner, and its full launch is expected to be completed by April 2025.
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