CURRENT AFFAIRS

2021

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

Which country has become the first foreign country to use BHIM UPI?

A	Thailand
B	Bhutan
C	Myanmar
D	Maldives

Explanation:

Detailed explanation-1: -Nepal became the first foreign country to deploy UPI. With the collaboration between Nepal’s Manam Infotech and Gateway Payments Service, person-to-person (P2P), person-to-merchant (P2M) and cross-border payments were made operational.

Detailed explanation-2: -UPSC Mains Q. Which neighbouring country is the first to adopt India’s BHIM UPI payments system? Notes: Bhutan becomes the very 1st nation to adopt India’s UPI (Unified Payment Interface) standards for its quick response (QR) code mechanism.

Detailed explanation-3: -Bhutan has become the first country to adopt India’s UPI standards for its quick response (QR) code.

Detailed explanation-4: -Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been conceived and launched by the Hon’ble Prime Minister of India, Narendra Modi on 30th December 2016 to bring in Financial Inclusion to the nation and a digitally empowered society.

There is 1 question to complete.