BHIM 3.0 launched with new features to track, monitor and split expenses, know how it works

Now, you can use BHIM (Bharat Interface for Money) for tracking, managing, and even splitting expenses with your friends, relatives, and colleagues. NPCI BHIM Services Limited (NBSL), which is fully owned by NPCI (National Payments Corporation of India), launched BHIM 3.0. While BHIM 3.0 will be rolled out across multiple platforms in a phased manner, it is expected to be fully available as early as next month, i.e., April 2025.

What are some of the salient features of BHIM 3.0 for users?

Not only will BHIM 3.0 be available in over 15 Indian languages, but it is also expected to ensure that more and more transactions go through smoothly, even in areas with slow or unstable internet connections, the press release today highlighted.

Moreover, you can now use the BHIM 3.0 app to track, manage, and split all your expenses with ease. Through a dashboard, you can also effectively track your monthly expenditure to understand where you’re spending the most. This will be possible thanks to the spend analytics feature introduced under BHIM 3.0. It will automatically categorise and classify any expenses you make using the BHIM app, “helping users analyse and manage their budget without needing complex spreadsheets,” the release noted.

What’s more, users can now also onboard their family members, track their shared expenses, and even assign specific payments to each family member. “This feature enables better financial planning by giving families a consolidated view of their total expenses,” according to the release.

BHIM 3.0 also has a built-in task assistant that will remind you to pay any pending bills that have been linked to your BHIM App. You can also enable UPI Lite for low-value transactions through BHIM, and every time your LITE wallet balance is running low, you will be alerted of the same. Going ahead, you can carry out any UPI-LITE-related activities like

What’s in it for merchants?

BHIM 3.0 also announced the launch of BHIM Vega, which is a seamless in-app payment solution for merchants. “This feature integrates with online merchant platforms, allowing customers to complete payments instantly within the app without switching to third-party apps.”