New Delhi, May 2 -- The Bharat Interface for Money (BHIM) app, developed by the National Payments Corporation of India (NPCI), introduced a series of features such as split expenses, family mode, and spend analytics about a month ago, aimed at helping users manage their daily financial tasks more smartly.

In addition, BHIM's UPI Circle feature continues to expand its use-cases for secure delegated payments. At the core of the app's functioning is the Unified Payments Interface (UPI), a platform that facilitates money transfers between bank accounts.

Here's a deeper look into the new BHIM features, how to use them and where users need to be cautious.

The split expenses feature is a practical tool for friends, roommates or colleagues who...