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BHIM stands for Bharat Interface for Money, an app for mobile payments based on UPI. Learn how to use BHIM , its advantages, and how to download and install it. BHIM is a new age way to transact money. BHIM full form is Bharat Interface for Money. Read on this article to know more about its establishments and benefits. BHIM stands for Bharat Interface for Money, a payment app that lets you make transactions using Unified Payments Interface (UPI). You can send and request money, scan and pay QR codes, and manage your UPI profile with the BHIM app. BHIM Full Form - The Full form of BHIM is Bharat Interface for Money. Bharat Interface for Money ( BHIM ) is a payment app that lets you make simple, easy and quick transactions using Unified Payments Interface (UPI).