RBI AND NATIONAL PAYMENTS CORPORATION OF INDIA (NPCI) HAVE RECENTL...

50. - CURRENT AFFAIRS APRIL QUESTION ANSWER 2016 PDF BY AFFAIRSCLOUD
CURRENT AFFAIRS APRIL QUESTION ANSWER 2016 PDF BY AFFAIRSCLOUD
50. RBI and National Payments Corporation of India (NPCI) have recently launched in April 2016________________________with the objective of encouraging electronic payment systems for ushering in a cashless society in India. A.Unified Payment Interface (UPI) B.Aadhar Based Payment System C.Cashless payment System D.Hassle free Payment System Ans: A.Unified Payment Interface (UPI) Explanation: UPI is an enhanced version of Instant Mobile Payment system. You will be required to have a bank account and Smartphone. Once you register for UPI with your bank, a unique “Virtual Address” will be created and same mapped with your mobile Phone.