ETMONEY India’s largest app for financial services has integrated with Unified Payment Interface (UPI) as a payment method. The reason for this is to double its monthly user base by the end of 2019.
This integration will simplify the mutual fund payment for millions of ETMONEY users. ETMONEY is owned by Times Internet which is a part of the Times Group.
Source: Economic Times
Static/Current Takeaways Important for LIC AAO Exam:
- UPI is an instant real-time payment system developed by National Payments Corporation of India (NPCI) which facilitates inter-bank transactions.