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What is the primary function of UPI (Unified Payment Interface) in India's financial system?
  • a)
    Facilitating fund transfers between banks with account numbers
  • b)
    Allowing access to multiple bank accounts through a single mobile application
  • c)
    Issuing debit and credit cards for financial transactions
  • d)
    Managing financial investments for users
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary function of UPI (Unified Payment Interface) in Ind...
The primary function of UPI (Unified Payment Interface) in India's financial system is to allow users to access multiple bank accounts through a single mobile application. This innovative digital method simplifies fund transfers between banks without requiring detailed account information, enhancing convenience and efficiency for users.
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What is the primary function of UPI (Unified Payment Interface) in India's financial system?a) Facilitating fund transfers between banks with account numbersb) Allowing access to multiple bank accounts through a single mobile applicationc) Issuing debit and credit cards for financial transactionsd) Managing financial investments for usersCorrect answer is option 'B'. Can you explain this answer?
Question Description
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