What is meant by BHIM UPI?

BHIM UPI (Bharat Interface for Money) is a digital payment application developed by the National Payments Corporation of India (NPCI). Launched in 2016, it facilitates simple and instant fund transfers directly between bank accounts using the Unified Payments Interface (UPI) infrastructure. Key features include:

• Direct bank-to-bank money transfers using a UPI ID or by scanning a QR code.
• Support for multiple Indian languages to enhance accessibility.
• High-level security, requiring a UPI PIN to authorize every transaction.
• Availability 24/7, including on bank holidays.