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IIT Madras partnered with MPFI

Published on May 12, 2021
Current Context: Indian Institute of Technology (IIT) Madras researchers partnered with members of the Mobile Payment Forum of India (MPFI).
IIT Madras partnered with MPFI
  • They have partnered to develop voice-based solutions in multiple vernacular languages which will allow larger adoption of digital money transactions in India.
  • Both the entities will work to boost digital money transactions in India.
  • Under this partnership, IIT Madras will work on technical areas like machine learning and artificial intelligence which will be applied to the digital payments space.
  • The partnership is made to fulfill MPFI’s efforts to attain 500 million active UPI users by 2025 in the country.
  • This partnership will develop a platform for research in this particular domain of increasing digital money transactions in India.
  • MPFI will also identify innovative ideas which will be applied in UPI in 3 levels of Human behavior and adoption, Technology, and Policy.
  • Static Part:
    • MPFI: It is the joint initiative of IDRBT (Institute for Development & Research in Banking Technology and RTBI (Rural Technology Business Incubator)

Question: 

Q.1 Which institute partnered with the mobile Payment Forum of India (MPFI)to develop voice-based solutions in multiple vernacular languages which will allow larger adoption of digital money transactions in India?
a. IIT Madras
b. IIT Kharagpur
c. IIT Roorkee
d. IIT Kanpur

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