CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country is all set to join India’s UPI payments system?
A
Russia
B
France
C
Japan
D
Italy
Explanation: 

Detailed explanation-1: -“USA has other instant payment systems such as PayPal or chase-pay, Apple Pay and others, ‘’ says Ramachandran, “and while these don’t have instant payment systems like UPI, the market has been built already and there’s inertia to change”.

Detailed explanation-2: -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.

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