Which of the following bank has launched Unified Payment Interface (UPI) App named empower.

2016

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

Which of the following bank has launched Unified Payment Interface (UPI) App named ‘empower’.

A	Canara Bank
B	Bank of Maharashtra
C	Bank of Baroda
D	Corporation Bank

Explanation:

Detailed explanation-1: -Canara bank has come up with a new UPI service called Empower.

Detailed explanation-2: -Developed and launched by the National Payments Corporation of India in 2016, UPI is now one of the most preferred payment solutions in India, with over a billion transactions every month.

Detailed explanation-3: -The Unified Payment Interface(UPI) offered by Canara Bank is named ‘Empower’. This app enables (or literally empowers) customers of Canara Bank and other banks to perform collect and pay transactions through a single mobile app.

Detailed explanation-4: -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). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions.

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