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What is a significant feature of the Unified Payments Interface (UPI) that enhances the usability for transactions?
  • a)
    It requires users to enter complex bank details for every transaction.
  • b)
    It allows users to initiate payments using only UPI IDs or QR codes.
  • c)
    It operates only during banking hours for security reasons.
  • d)
    It limits transactions to only domestic payments.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is a significant feature of the Unified Payments Interface (UPI) ...
One of the standout features of UPI is its ability to simplify transactions by allowing users to initiate payments using just UPI IDs, QR codes, or Virtual Payment Addresses. This eliminates the need to remember or enter complex bank account details for each transaction, making the payment process quick and user-friendly. This convenience has contributed to the rapid adoption of digital payments in India.
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What is a significant feature of the Unified Payments Interface (UPI) that enhances the usability for transactions?a) It requires users to enter complex bank details for every transaction.b) It allows users to initiate payments using only UPI IDs or QR codes.c) It operates only during banking hours for security reasons.d) It limits transactions to only domestic payments.Correct answer is option 'B'. Can you explain this answer?
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What is a significant feature of the Unified Payments Interface (UPI) that enhances the usability for transactions?a) It requires users to enter complex bank details for every transaction.b) It allows users to initiate payments using only UPI IDs or QR codes.c) It operates only during banking hours for security reasons.d) It limits transactions to only domestic payments.Correct answer is option 'B'. Can you explain this answer? for CUET Commerce 2025 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about What is a significant feature of the Unified Payments Interface (UPI) that enhances the usability for transactions?a) It requires users to enter complex bank details for every transaction.b) It allows users to initiate payments using only UPI IDs or QR codes.c) It operates only during banking hours for security reasons.d) It limits transactions to only domestic payments.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a significant feature of the Unified Payments Interface (UPI) that enhances the usability for transactions?a) It requires users to enter complex bank details for every transaction.b) It allows users to initiate payments using only UPI IDs or QR codes.c) It operates only during banking hours for security reasons.d) It limits transactions to only domestic payments.Correct answer is option 'B'. Can you explain this answer?.
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