___ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments under one hood.

Real - time grosss settlement systems (RTGS)

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Electronic Funds Transfter at Point of Sale (EFTPOS)

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Bharat Bill Payment System (BBPS)

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Unified Payments Interface (UPI)

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None of these

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Solution

The correct option is D Unified Payments Interface (UPI)
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments under one hood.

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Similar questions

Consider the following statements regarding Payment Banks:
1. Payment Banks can't advance loans or issue credit cards.
2. Payment Banks can accept demand deposits up to Rs 5 lakh.
3. Payment Banks offer remittance services, mobile payments/transfers/purchases.
4. Payment Banks offer banking services like ATM/debit cards, net banking and third party fund transfers.
Which of the above statement(s) is/are correct?

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Q. Identify the most appropriate headline:
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___ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments under one hood.

The correct option is D Unified Payments Interface (UPI)Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments under one hood.

The correct option is D Unified Payments Interface (UPI)
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments under one hood.