Question: Recently, Union Finance Minister Arun Jaitley launched UPI based digital payment service app ‘Tej’? The App belongs to which of the following companies?
(a) Microsoft
(b) Google
(c) Petty
(d) Bharti Airtel Ltd
Answer: (b)
Related Facts:
- On September 18th, 2017, Union Finance Minister Arun Jaitley launched the famous search engine company Google’s UPI-based digital payment service app ‘Tej’.
- The company has taken this step to exploit the growing potential in digital payments in the country.
- It is worth mentioning that the Unified Payment Interface (UPI) is the payment system launched by the Indian National Payment Corporation (NPCI), which is controlled by the Reserve Bank of India.
- Instant fund transfer can be done between two bank accounts through mobile with the help of the UPI.
Reference:
http://bhasha.ptinews.com/news/1639173_bhasha
http://aajtak.intoday.in/story/google-launches-digital-payment-app-tez-in-india-1-953015.html