Question

    Recently National Payment Corporation of India (NPCI)

    granted permission to launch a payment app by:
    A Whatsapp Correct Answer Incorrect Answer
    B Flipkart Correct Answer Incorrect Answer
    C Paytm Correct Answer Incorrect Answer
    D Amazon Correct Answer Incorrect Answer
    E Airtel Correct Answer Incorrect Answer

    Solution

    Ans- A, NPCI has given its consent to roll out WhatsApp BHIM UPI beta launch. It is a payment app by whatsapp. But with a limited user base of 1 million and low per-transaction limit. Full feature product will be released once the beta test is successful. It will work on multi-bank model. Four banks will join the multi-bank BHIM UPI model in phases. It helps distribution of transaction load and integrate popular apps easily.

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