What role does the Indian Banks' Association play in the UPI system?a) Regulating digital payments in Indiab) Providing insurance for UPI transactionsc) Promoting financial literacy among UPI usersd) Collaborating in the implementation of the UPI systemCorrect answer is option 'D'. Can you explain this answer?

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What role does the Indian Banks' Association play in the UPI system?

a)
Regulating digital payments in India
b)
Providing insurance for UPI transactions
c)
Promoting financial literacy among UPI users
d)
Collaborating in the implementation of the UPI system

Correct answer is option 'D'. Can you explain this answer?

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What role does the Indian Banks' Association play in the UPI system?a)...

The Indian Banks' Association plays a key role in the UPI system by collaborating in its implementation. This association works alongside the NPCI and the RBI to ensure the seamless integration of UPI across various banks, enhancing the accessibility and effectiveness of digital fund transfer services for users.

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What role does the Indian Banks' Association play in the UPI system?a) Regulating digital payments in Indiab) Providing insurance for UPI transactionsc) Promoting financial literacy among UPI usersd) Collaborating in the implementation of the UPI systemCorrect answer is option 'D'. Can you explain this answer?

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