Questions and Answers
What is the primary function of UPI (Unified Payments Interface)?
Real-time transfer of funds between bank accounts using smartphones
What distinguishes digital wallets from other digital banking elements?
Enabling users to make payments without using physical cash
What has led to the rise of mobile banking apps?
Proliferation of smartphones
What is a key feature of internet banking in India?
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What differentiates UPI from digital payment platforms like Paytm and Google Pay?
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