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APIPL Partners NPCI to launch EMIs on RuPay Credit Cards

Published on October 21, 2023
Current Context: APIPL, or “Aadhar Payment Interface Pvt. Ltd.”, is a fintech company that offers various payment solutions based on the Aadhaar platform. It has recently partnered with NPCI, or “National Payments Corporation of India”, to launch a new feature that allows customers to avail EMIs on RuPay credit cards.
APIPL Partners NPCI to launch EMIs on RuPay Credit Cards
  • EMIs, or “equated monthly installments”, are a convenient way of paying for purchases over a period of time by dividing the total amount into smaller and fixed monthly payments.
  • This feature is especially useful for customers who want to buy expensive items or services without paying the full amount upfront.
  • The new feature, called “RuPay Credit Card on UPI”, enables customers to link their RuPay credit cards to their UPI IDs and make payments using the UPI platform.
  • UPI, or “Unified Payments Interface”, is a real-time payment system that allows users to send and receive money using their mobile phones and a unique identifier called a VPA, or “Virtual Payment Address”.

Question:

Q.1 What is the name of the fintech company that partnered with NPCI to launch EMIs on RuPay credit cards?
a. APIPL
b. APIL
c. APL
d. APPL
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