English, asked by ganeevsinghsethi, 1 year ago

what is UPI AND PAYTM PLS TELL 99 POINTS

Answers

Answered by Rajeevsts1967

Answer:

Explanation:

Paytm, the most popular digital wallet in India, has now integrated with the BHIM UPI platform. Users will be able to create their own Paytm BHIM UPI ID through the app and link their savings bank account to send and receive money.

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Answered by faizahussain1999

A Unified Payment Interface (UPI) is a smartphone application which allows users to transfer money between bank accounts. The interface is regulated by the Reserve Bank of India (RBI), India's central bank.The Unified Payment Interface (UPI) can be thought of like an email ID for your money. It will be an unique identifier that your bank uses to transfer money and make payments using the IMPS (Immediate Payments Service). IMPS is faster than NEFT and lets you transfer money immediately and unlike NEFT, it works 24×7.

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