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      Question

      Which fintech firm received NPCI approval to launch UPI

      payments using RuPay credit cards? 
      A PhonePe Correct Answer Incorrect Answer
      B Paytm Correct Answer Incorrect Answer
      C Razorpay Correct Answer Incorrect Answer
      D ZET Correct Answer Incorrect Answer
      E Pine Labs Correct Answer Incorrect Answer

      Solution

      ZET received approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider and launched ZET UPI, enabling users to make UPI payments using RuPay credit cards. The system routes payments through a credit line rather than a bank account, extending credit card usage to routine UPI transactions.  

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