28 September 2016 Current Affairs: Private sector lender DCB Bank on has announced the launch of Unified Payment Interface (UPI) application.
DCB UPI app provides a convenient payment method for customers to send and receive funds anytime, anywhere, from their smart phones. A DCB UPI user only needs the beneficiary's phone number registered with the bank and the beneficiary bank's name to get or send funds.
UPI is likely to create a significant change in the way transactions are done, especially peer-to-peer transactions, known as P2P. A very important and powerful feature of UPI is the ability to send a 'collect' request.UPI provides a secure, hassle-free user friendly instant payment and collection digital facility. It uses customer details that are easy to remember and importantly known to everyone - the beneficiaries' mobile phone number and the bank name.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail