Question

Which entity developed the Unified Payments Interface (UPI)?

1. UPI was developed by the Reserve Bank of India (RBI).
2. The National Payments Corporation of India (NPCI) is responsible for the development of UPI.
3. UPI was a collaborative project between multiple private financial institutions.

• A. ഒന്നും മൂന്നും
• B. രണ്ട് മാത്രം
• C. മൂന്ന്
• D. ഇവയൊന്നുമല്ല

Answer 1

Answer:

B. രണ്ട് മാത്രം

The Unified Payments Interface (UPI) was conceptualized and developed by the National Payments Corporation of India (NPCI). NPCI is an organization that aims to consolidate the fragmented payment systems in India and create a robust, secure, and interoperable payment infrastructure. Its development of UPI has significantly transformed the digital payment landscape in the country, making transactions faster, easier, and more secure.