Question

Who developed the Unified Payments Interface (UPI)?

• A. Reserve Bank of India (RBI)
• B. National Payments Corporation of India (NPCI)
• C. Ministry of Finance
• D. Indian Banks Association (IBA)

Answer 1

Answer:

B. National Payments Corporation of India (NPCI)

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.