UPI 2.0 Flashcards
1
Q
Who has launched it ?
A
National Payments Corp of India (NPCI)
2
Q
What is UPI 2.0 ?
A
It is an upgraded version of Unified Payments Interface
3
Q
What are the key features of UPI 2.0 ?
A
1) Linking of overdraft account
2) One time mandate
3) Invoice in the inbox
4) Signed intent and QR
4
Q
Who developed UPI ?
A
NPCI and RBI
5
Q
Why was UPI established ?
A
To aid transfer of money using a cashelss system
6
Q
Who are the 3 key players of a UPI ecosystem ?
A
1) Payment Service providers to provide interface
2) Banks to provide underlying accounts
3) NPCI to act as a central switch
