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The UPI Quiz - How Much Do You Know About the Digital Payment Apps in the Country

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Editor, TRANSFIN
Nov 11, 2020 11:38 AM 5 min play


Money. Money. Money. Brighter than sunshine. Available in the 21st Century at fingertips mine! 

Digital money and payment structures are gradually replacing traditional finance. The agents that have made it possible are the apps, developers of payment gateways and national governments with their UPI-friendly policies. 

Let's see how much you know about these agents-of-everyday-use that we depend on so earnestly in these times of cashless and contactless economy. 

Test your knowledge on the UPI-governed digital payments infrastructure. 

Here's a little preview of what awaits you!

  1. Unified Payments Interface (UPI), a publicly created infrastructure to enable digital payments at-scale, was developed by which of the following institutions?
  2. Which of the following is NOT a partner bank of WhatsApp Pay?
  3. Which competitor dethroned Google Pay in October 2020 as the app accounting for the highest volume of UPI transactions in India over the past year? 
  4. Which of the following payment platforms DO NOT offer e-wallet services?
  5. What does VPA stand for?
  6. How many third party UPI apps are currently present in India?
  7. I am X. I own Oculus, Y, and Z. Identify X, Y, and Z.
  8. Which company wrote to the US Federal Reserve in December 2019 asking them to learn from Indian digital payments and recommended building "FedNow", a new RTGS system for faster digital payments in the US?
  9. Which country is the global leader in real-time financial transactions with 41 million transaction per day?
  10. Which app launched the Audio NFC (Near-Field Communication) Technology to conduct contactless UPI payments by using ultra-high-frequency soundwaves instead of VPA or Bank Account Number? 

FIN.

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