2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unified Payments Interface
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United Payments of India
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Unified Payments of India
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Unilateral Payment of India
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Detailed explanation-1: -Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
Detailed explanation-2: -Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts.
Detailed explanation-3: -The full form of UPI is the Unified Payments Interface. UPI’s instant real-time payment system helps to transfer cash immediately via a mobile interface between the two bank accounts.