CCC Online Learning - Digital financial tools and applications
Unified Payments Interface (UPI)
Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
Quick Response Code (QR Code)
QR code is the trademark for a type of matrix barcode first designed in 1994 for the automotive industry in Japan
Aadhaar Enabled Payment System (AEPS )
The objective of AADHAAR Enabled Payment System (AEPS) is to empower a bank customer to use AADHAAR to access his/her AADHAAR â€" enabled bank account and perform basic banking transactions that are intra-bank or interbank in nature through a business correspondent.