What is the full form of UPI in the context of banking

in India?

A Unified Payment Instrument Correct Answer Incorrect Answer

B Universal Payment Interface Correct Answer Incorrect Answer

C Unified Payments Interface Correct Answer Incorrect Answer

D Universal Payments Infrastructure Correct Answer Incorrect Answer

E Unified Payment Integration Correct Answer Incorrect Answer

Solution

UPI stands for Unified Payments Interface. It is an instant realtime payment system developed by the National Payments Corporation of India (NPCI) to facilitate interbank transactions.

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