Question

Which of the following statements is/are NOT TRUE with respect to the UPI linkage by NPCI ? I. The National Payments Corporation of India (NPC

Q: Answer-Which of the following statements is/are NOT TRUE with respect to the UPI linkage by NPCI ? I. The...

The National Payments Corporation of India NPCI has announced the launch of the UPI-PayNow linkage that will enable Indians to receive remittances directly into their bank accounts from Singapore and vice-versa. Currently, users of mobile-based applications such as Bharat Interface for Money BHIM, Phone Pe, and Paytm can access the service. Banks including Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India SBI provide this functionality through their respective apps. Meanwhile, other third-party applications TPAP and bank applications such as Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank, Karur Vysya Bank, Kotak Mahindra Bank, Punjab National Bank, South Indian Bank, and UCO Bank are expected to be added to the linkage soon.

I has announced the launch of the UPI-PayNow linkage that will enable Indians to receive remittances directly into their bank accounts from Singapore and vice-versa. II. Currently, users of mobile-based applications such as Bharat Interface for Money (BHI
I provide this functionality through their respective apps.
M ,Mobikwik and Paytm can access the service. III. Banks including HDFC Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India (SB