An open source platform for mobile-to-mobile fund transfers without account details launched by NPCI was ________ A. Unified Payment Interface B. Union of Payment Interface C. Payment Interface D. Unique Payment Interface E. People‘s Payment Interface

An open source platform for mobile-to-mobile fund transfers without account details launched by NPCI was ________ A. Unified Payment Interface B. Union of Payment Interface C. Payment Interface D. Unique Payment Interface E. People‘s Payment Interface
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 A. Unified Payment Interface Explanation: UPI allows you to pay directly from your bank account to different merchants without the hassle of typing your card details, or netbanking/wallet password.
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Last Answer : B) Union Bank of India Explanation: National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country has partnered with Union Bank of India to ... customers and can be used even without any internet connection as it does not require any data.

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Last Answer : A. Bank Account Number Explanation: Unified Payment System (UPI), a common platform which links your bank account number to a virtual payment address, effectively making money transfer as easy as an SMS.

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Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), single authorized entity operating the BBPS? A. RBI B. NPCI C. GOI D. All of the Above E. None of the Above

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Last Answer : B. NPCI Explanation: National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business ... BBPCU, will also undertake clearing and settlement activities related to transactions routed through BBPS.

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Last Answer : D. All of the Above Explanation: Send money up to Rs 1 lakh to any bank account through the mobile without entering debit/credit card details, net banking/wallet password or even knowing the receiver‘s account number.

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Last Answer : (A) handoff 

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Last Answer : D. Capital account transactions

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Last Answer : D. Capital account transaction

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