Economics · Digital Banking and Technology
Which of the following is the most likely consequence of implementing the 'Unified Payments Interface (UPI)'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Digital currency will totally replace physical currency in about two decades.
- 2Direct transfer of subsidies to poor people will become very effective.
- 3Mobile wallets will not be necessary for online payments.✓
- 4FDI inflows will drastically increase.
Correct answer
Mobile wallets will not be necessary for online payments.
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