What does M stand for in BHIM-UPI?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Money.
In the acronym BHIM, which is the namesake of the BHIM-UPI payment system, the letter M definitively stands for Money. BHIM is the short form for the Bharat Interface for Money.
This mobile application, launched by the Government of India, is built upon the Unified Payments Interface (UPI) infrastructure. While the application is undoubtedly used on a Mobile device, its official and formal name explicitly defines its purpose as a platform for financial transactions.
Therefore, the correct expansion of the acronym, as intended by its creators at the National Payments Corporation of India (NPCI), is unequivocally for 'Money,'