Which is better, UPI vs BHIM?

Comparison is possible between two similar things. Here, Unified Payment Interface (UPI) and Bharat Interface for Money (BHIM) are two different things. Hence, one cannot conclude whether UPI is better than BHIM or whether BHIM is better than UPI. BHIM is a separate mobile wallet app whereas UPI is a payment model which is used to receive or send money using mobile phones. Any of the UPI-enabled banks can be synced to BHIM app which is a unified app based on UPI. You can read about the RBI – Know More About Reserve Bank of India in the given link.

Further readings:

  1. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19
  2. Cashless Economy in India – UPSC GS-III Notes

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