Question

In payment system what UPI stands for?

A 1) Union Payment Interface Correct Answer Incorrect Answer
B 2) Unified Payment Insurance Correct Answer Incorrect Answer
C 3) Unified Payment Interface Correct Answer Incorrect Answer
D 4) United Payment Index Correct Answer Incorrect Answer
E 5) Union Payment Insurance Correct Answer Incorrect Answer

Solution

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

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