Question

The digital payment system known as UPI, is now commonly accepted across merchants and businesses. What does UPI stand for?
Unified Payments Interface
Unified Payments of India
United Payments of India
Unilateral Payment of India

Answer 1

Answer:

Option A unified payments interface

Explanation:

unified payments interface (UPI) is an instant real-time payment system developed by national payments corporation of india facilitating inter-bank transactions.

Answer 2

Answer : Unified Payments Interface

Extra Information :-

The digital payment system known as UPI, is now commonly accepted across merchants and businesses.

UPI stands for Unified Payments Interface.

It is the instant inter-bank fund transfer mechanism.

It is the fastest payments gateway and it has been developed by the National Payments Corporation of India (NPCI).

It enables a user to instantly transfer funds from their bank account to another user’s bank account through UPI Virtual Address.