GK Question

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The platform that enables cashless transactions using virtual payment addresses in India is called ________.

Answer: UPI

UPI (Unified Payments Interface) enables instant bank-to-bank transactions using virtual payment addresses (e.g., name@bank). Developed by NPCI, it supports peer-to-peer and merchant payments, bill payments, and integrates with multiple banking apps.

Topic Digital India
Exam Relevance Banking, SSC, Railway