Challenger Logo

Challenger App

Get it on Google PlayGet it on App Store
Challenger App

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
Get App
Who developed the Unified Payments Interface (UPI)?

AReserve Bank of India (RBI)

BNational Payments Corporation of India (NPCI)

CMinistry of Finance

DIndian Banks Association (IBA)

Answer:

B. National Payments Corporation of India (NPCI)

Read Explanation:

The Unified Payments Interface (UPI) was developed by the National Payments Corporation of India (NPCI), an organization established by the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) to operate retail payment and settlement systems in India.

Related Questions:

⁠The National Informatics Centre (NIC) is responsible for:
What is identified as a major challenge in implementing e-governance reforms?
What is E-Granthalaya?
What is the primary purpose of SATHI?

What is the primary objective of the MY Bharat initiative?

  1. To provide a centralized platform offering diverse opportunities for young individuals.
  2. To promote traditional Indian art forms among the youth.
  3. To facilitate research and development in space technology.
  4. To offer financial aid for higher education abroad.