General Knowledge · General Awareness
How has the Unified Payments Interface (UPI) primarily impacted the transaction methods of small vendors and merchants in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By restricting their businesses to handle transactions only above large threshold amounts
- 2By delaying their daily cash reconciliation due to complex settlement processes
- 3By forcing them to accept payments exclusively through high-fee credit cards
- 4By enabling immediate low-cost digital payments via QR codes without requiring expensive POS terminals✓
Correct answer
By enabling immediate low-cost digital payments via QR codes without requiring expensive POS terminals
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