RBI launches Unified Payment Interface

Q.  RBI launches Unified Payment Interface to make which transaction easier?
- Published on 12 Apr 16

a. Home loans
b. Money transfers
c. Online payments
d. Only b and c
e. All the above

ANSWER: Only b and c
 
RBI launched UPI or Unified Payment Interface to make money transfers easier and hassle free. UPI is a payment system that will allow users to make money transfers using mobile phones. UPI networks all banks together and makes it possible for customers to make transactions using a single app.

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