The platform that enables cashless transactions using virtual payment addresses in India is called ________.
- SLAAC
- UPI
- FAME
- e-NAM
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.