The interface which is regulated by RBI and used for instantly transferring funds between two bank accounts on a mobile platform?
a)PayPal
b)Visa
c) Unified Payment Interface
d) MasterCard
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Unified Payments Interface
(UPI)
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
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Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform
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