CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which nation will become the first country outside of India to adopt Unified Payments Interface?
A
Sri Lanka
B
Nepal
C
Bangladesh
D
Bhutan
Explanation: 

Detailed explanation-1: -NPCI said in a statement, “Nepal shall be the first country outside of India to adopt UPI as the payments platform driving the digitalization of cash transactions and furthering the vision and objectives of the Nepal Government and Nepal Rastra Bank as the Central bank."

Detailed explanation-2: -In July 2021, Bhutan became the first country to adopt UPI standards for its QR deployment, and the first country in our immediate neighbourhood to accept mobile-based payments through the BHIM App.

Detailed explanation-3: -Nepal became the first foreign country to deploy UPI as a payment platform. NIPL partnered Gateway Payments Service (GPS), an authorised payment system operator in Nepal, and Bengaluru-based Manam Infotech.

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