- 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
a. IIT Madras
b. IIT Kharagpur
c. IIT Roorkee
d. IIT Kanpur
