Question
Which of the following best describes the role of the
UPISetu platform in the context of India's digital payments landscape?Solution
The UPISetu platform, launched by Setu in partnership with Axis Bank, is designed to improve the functionality of UPI by offering a comprehensive suite of services including QR code payments, UPI Autopay, EMI options, and Third-Party Validation (TPV) services. Additionally, it provides advanced features like instant cashbacks, dispute resolution, and brand and bank offers. The platform specifically aims to address the growing need for credit on UPI, thereby enhancing the overall digital payment experience in India and contributing to the increased adoption of UPI.
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