BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Sunil Mittal-driven Airtel Payments Bank integrated the UPI on its digital platform, allowing customer choice and convenience to facilitate secure digital payments. What is the meaning of “I” in UPI?

A	International
B	Industrial
C	Indian
D	Interface

Explanation:

Detailed explanation-1: -UPI facilitates money transfers between different banks via a single payment platform, such as the Airtel Payment Bank UPI. You can pay utility bills, make FASTag recharge, recharge your mobile, and send money to your friends and family seamlessly.

Detailed explanation-2: -Our partnership with Airtel Payments Bank has currently enabled over half a million offline merchants to receive payments through UPI QR Code. This will help consumers to make instant and hassle free transactions digitally thereby adding to seamless customer experience.”

Detailed explanation-3: -BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI).

Detailed explanation-4: -What is Safe Pay? Safe Pay is a security feature that can be availed by Airtel Payments Bank Savings Account customers with an Airtel Mobile number linked to the account.

There is 1 question to complete.