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    Question

    When was Unified Payments Interface (UPI) launched?

    A 2015 Correct Answer Incorrect Answer
    B 2016 Correct Answer Incorrect Answer
    C 2018 Correct Answer Incorrect Answer
    D 2020 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Unified Payments Interface (UPI) launched in 2016 is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.

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