A customer makes a payment of Rs. 2,500 using UPI. If the transaction is successfully completed, which technology is primarily responsible for enabling the instant account-to-account electronic payment?
Options
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A.
UPI
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B.
EDI
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C.
FTP
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D.
More than one of the above
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E.
None of the above
Correct Answer (Detailed Explanation is Below)
A.
UPI
Detailed Explanation
UPI, or Unified Payments Interface, enables instant digital payments between bank accounts through a mobile device. It supports transactions using identifiers such as UPI IDs and QR codes.
