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Question

___ 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.


Your Answer
A
Real - time grosss settlement systems (RTGS)
Your Answer
B
Electronic Funds Transfter at Point of Sale (EFTPOS)
Your Answer
C
Bharat Bill Payment System (BBPS)
Correct Answer
D
Unified Payments Interface (UPI)
Your Answer
E
None of these

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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