Question

National Payments Corporation of India, the umbrella organisation for digital payments in India, has launched new mobile aap for digital payments called -

A PayTM Correct Answer Incorrect Answer
B PayPal Correct Answer Incorrect Answer
C UPI Correct Answer Incorrect Answer
D NACH Correct Answer Incorrect Answer
E BHIM Correct Answer Incorrect Answer

Solution

BHIM (Bharat Interface for Money) is a Mobile App developed by NPCI. It is based on the Unified Payment Interface (UPI). BHIM was launched by 30th Decemebr 2016 by PM Modi. It has been named after Bhim Rao Ambedkar.  The app aims to facilitate e-payments through banks and as part of the 2016 Indian banknote demonetisation and drive towards cashless transactions 

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