Consider the following statements about the Unified Payment Interface:
- It has been developed by the National Payments Corporation of India (NPCI)
- It allows money transfer between any two bank accounts by using a Smartphone
- The system is operational both online as well as offline mode
Which of the above statements is/are correct?
All given statements are correct
Unified Payment Interface has been developed by the National Payment Corporation of India. It allows money transfer between any two bank accounts by using a Smartphone. The system is operation both online and offline mode but there is per transaction limit is Rs.1 lakh
This question is a part of GKToday's Integrated IAS General Studies Module