New 55% Off on All Courses - Enroll Now! Click Here

    Question

    UPI stands for

    ________.
    A Universal Payment Interaction Correct Answer Incorrect Answer
    B Unified Payment Interface Correct Answer Incorrect Answer
    C Universal Payment Interface Correct Answer Incorrect Answer
    D Universal Personal Information Correct Answer Incorrect Answer

    Solution

    UPI stands for Unified Payment Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI) that facilitates instant money transfers between bank accounts through mobile devices with the help of a mobile app. It allows users to send and receive money, pay bills, and make online transactions without the need for bank account details. UPI has become popular in India due to its ease of use, convenience, and secure nature, making it a widely adopted payment method for various transactions.

    Practice Next