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With which Public Sector Bank, the government telecom operator BSNL has partnered to launch Bharat InstaPay, UPI-based payment platform.
- a)UCO Bank
- b)Punjab National Bank
- c)State Bank of India
- d)Allahabad Bank
- e)Andhra Bank
Correct answer is option 'C'. Can you explain this answer?
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With which Public Sector Bank, the government telecom operator BSNL ha...
Bharat Sanchar Nigam Limited (BSNL) in partnership with the State Bank of India (SBI) has launched a Unified Payments Interface (UPI) based payment platform, Bharat InstaPay to enable all types of channel partners of BSNL to digitize their payment transactions on a round the clock basis/ real- time basis.
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With which Public Sector Bank, the government telecom operator BSNL ha...
Introduction to Bharat InstaPay
Bharat InstaPay is a UPI-based payment platform launched through a collaboration between Bharat Sanchar Nigam Limited (BSNL) and a public sector bank. This initiative aims to enhance digital payment accessibility for users in India.
Partnership with State Bank of India
The correct answer to the question is option 'C', State Bank of India (SBI). The partnership leverages SBI's robust banking infrastructure along with BSNL's wide reach in telecommunications.
Key Features of Bharat InstaPay
- UPI Integration: Bharat InstaPay allows users to make instant payments using the Unified Payments Interface (UPI), streamlining transactions for both consumers and merchants.
- Accessibility: With BSNL's extensive network, this platform ensures that even users in remote areas can access digital payment services.
- Secure Transactions: Leveraging SBI's security protocols, the platform promises safe and reliable transactions, addressing user concerns about digital payment security.
Benefits for Users
- Convenience: Users can conduct financial transactions anytime and anywhere, eliminating the need for physical visits to bank branches.
- Promotion of Digital Economy: This initiative supports the government's vision for a cashless economy, encouraging more people to engage in digital transactions.
Conclusion
The collaboration between BSNL and State Bank of India for Bharat InstaPay marks a significant step towards enhancing digital payment solutions in India. It combines the strengths of both entities to foster greater financial inclusion and accessibility across the country.
Bharat InstaPay is a UPI-based payment platform launched through a collaboration between Bharat Sanchar Nigam Limited (BSNL) and a public sector bank. This initiative aims to enhance digital payment accessibility for users in India.
Partnership with State Bank of India
The correct answer to the question is option 'C', State Bank of India (SBI). The partnership leverages SBI's robust banking infrastructure along with BSNL's wide reach in telecommunications.
Key Features of Bharat InstaPay
- UPI Integration: Bharat InstaPay allows users to make instant payments using the Unified Payments Interface (UPI), streamlining transactions for both consumers and merchants.
- Accessibility: With BSNL's extensive network, this platform ensures that even users in remote areas can access digital payment services.
- Secure Transactions: Leveraging SBI's security protocols, the platform promises safe and reliable transactions, addressing user concerns about digital payment security.
Benefits for Users
- Convenience: Users can conduct financial transactions anytime and anywhere, eliminating the need for physical visits to bank branches.
- Promotion of Digital Economy: This initiative supports the government's vision for a cashless economy, encouraging more people to engage in digital transactions.
Conclusion
The collaboration between BSNL and State Bank of India for Bharat InstaPay marks a significant step towards enhancing digital payment solutions in India. It combines the strengths of both entities to foster greater financial inclusion and accessibility across the country.
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With which Public Sector Bank, the government telecom operator BSNL has partnered to launch Bharat InstaPay, UPI-based payment platform.a)UCO Bankb)Punjab National Bankc)State Bank of Indiad)Allahabad Banke)Andhra BankCorrect answer is option 'C'. Can you explain this answer?
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