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    Question

    Which financial services company will offer UPI 123PAY

    digital payment facility which  is an instant IVR-based payment system (Interactive Voice Response),  which is developed by NPCI, and is powered by ToneTag VoiceSe, to make secured transactions through feature phones as well as smartphones?
    A HCL Tech Correct Answer Incorrect Answer
    B IBM Correct Answer Incorrect Answer
    C Tata Capital Correct Answer Incorrect Answer
    D HDB Financial Services Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Tata Group's financial services arm Tata Capital will offer UPI 123PAY digital payment facility.     It is an instant IVR-based payment system (Interactive Voice Response),  which is developed by NPCI, and is powered by ToneTag VoiceSe, to make secured transactions through feature phones as well as smartphones.       UPI 123PAY will be useful, especially for payments of low-value and microfinance customers. The facility will be made available in a phased manner and will be rolled out initially in six states namely Karnataka, Uttar Pradesh, Bihar, Odisha, Rajasthan, and Tamil Nadu. It will be made available in five languages.

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