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What is the similarity between UPI and the RuPay system in India?
  • a)
    Both systems require account numbers for transactions
  • b)
    Both systems are managed by the Indian government
  • c)
    Both systems facilitate digital fund transfers
  • d)
    Both systems are exclusive to a single bank
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the similarity between UPI and the RuPay system in India?a) Bo...
A key similarity between UPI and the RuPay system in India is that both facilitate digital fund transfers. While UPI enables users to transfer funds between banks without extensive account details, RuPay serves as a domestic card payment network, providing a secure and efficient platform for electronic transactions.
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What is the similarity between UPI and the RuPay system in India?a) Both systems require account numbers for transactionsb) Both systems are managed by the Indian governmentc) Both systems facilitate digital fund transfersd) Both systems are exclusive to a single bankCorrect answer is option 'C'. Can you explain this answer?
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