- The making and acceptance of these cross-border payments will be facilitated by an active Unified Payments Interface (UPI) ID.
- The Indian Customers with an active UPI ID can transact at the Quick Response (QR) locations which will be enabled globally by TerraPay.
- The collaboration between the NIPL and TerraPay is aimed at boosting the usage of UPI Applications across the world and further pushing for a cashless digital drive in India.
- Terra Payment Services (TerraPay) is a cross-border payments company that was founded in 2015 with its headquarters in Amsterdam, Netherlands. The current CEO of the company is Ambar Sur.
- NIPL is an international arm of the NPCI that was established in 2020 with its headquarters in Mumbai, Maharashtra. The current CEO of the NIPL is Ritesh Shukla.
Question:
Ques: 1. To boost the worldwide usage of UPI Apps, NIPL collaborated with:A. PayPal
B. TerraPay
C. AmazonPay
D. SecurionPay