Answer-Consider the following statements about the National Payments Corporation of India (NPCI)? I. Natio...

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Answer-Consider the following statements about the National Payments Corporation of India (NPCI)?  I. Natio...

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Current products that were launched under the National Payments Corporation of India are discussed below-          RuPay  It is a domestic card scheme of India that has a magnetic stripe along with an EMV chip.          National Common Mobility Card  Also known as Rupay Contactless card,  it is a contactless payment technology that allows cardholders to use their card in the contactless payment terminals without the need to physically swipe or insert the card.          Bharat Interface for Money BHIM  Bharat Interface for Money BHIM is a mobile payments application based on NPCIs Unified Payments Interface UPI.          Unified Payments Interface UPI  Unified Payments Interface UPI was introduced on 11th April 2016 as an instant inter-bank payment system. This payment system was developed to provide a mobile platform for instant transfer of funds between two bank accounts.          Bharat Bill Payment System  The Bharat Bill Payment System is an initiative taken by NPCI along with the  Reserve Bank of India RBI for payment of all bills which will provide an interoperable and accessible bill payment service to its customers.

Consider the following statements about the National Payments Corporation of India (NPC

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