hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    One of the popular online payment method, UPI stands for:
    Question

    One of the popular online payment method, UPI stands for:

    A.

    Unified Payments Interface

    B.

    United Payments Interchange

    C.

    Universal Payments Interchange

    D.

    Uninterrupted Payments Interface

    Correct option is A

    The correct answer is (a) Unified Payments Interface.
    Explanation:
    ● UPI is an instant real-time payment system developed by the National Payments Corporation of India (NPCI).
    ● It facilitates inter-bank peer-to-peer and person-to-merchant transactions.
    Information Booster:
    ● UPI allows multiple bank accounts into a single mobile application.
    ● Transactions are authenticated via a secure 4 or 6-digit UPI PIN.

    Free Tests

    Free
    Must Attempt

    UPTET Paper 1: PYP Held on 23rd Jan 2022 (Shift 1)

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    Free
    Must Attempt

    UPTET Paper 2 Social Science : PYP Held on 23rd Jan 2022 (Shift 2)

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    Free
    Must Attempt

    UPTET Paper 2 Maths & Science : PYP Held on 23rd Jan 2022 (Shift 2)

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    test-prime-package

    Access ‘KVS PRT’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    354k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow