New IFSCA Phase 1 Results Out - Enroll Here for Phase 2

    Register

    Question

    Recently NPCI collaborates with the Bank of Namibia to develop a UPI-like system. What is the purpose of the agreement between NPCI and the Bank of Namibia?

    A Develop a credit system Correct Answer Incorrect Answer
    B Implement a UPI-like instant payment system Correct Answer Incorrect Answer
    C Create a loan management system Correct Answer Incorrect Answer
    D Establish a digital banking system Correct Answer Incorrect Answer
    E Introduce a new financial regulatory framework Correct Answer Incorrect Answer

    Solution

    NPCI International Payments Limited (NIPL) signed an agreement with the Bank of Namibia to develop an instant payment system similar to UPI. 

    Practice Next

    Relevant for Exams: