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Question
The Unified Payments Interface, commonly referred to as UPI, was developed by ______.
Options
Reserve Bank of India (RBI)
National Payments Corporation of India (NPCI)
Ministry of Commerce
Bharat Bill Payment System (BBPS)
MCQ
Fill in the Blanks
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Solution
The Unified Payments Interface, commonly referred to as UPI, was developed by National Payments Corporation of India (NPCI).
Explanation:
NPCI is identified as the developer of UPI. RBI regulates the payment system, while BBPS is a separate bill-payment system.
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