PhonePe, a Flipkart Group company, with which of the following banks launched India’s first UPI (Unified Payments Interface) based mobile payments app?
Answer: A
Mobile payments start-up PhonePe Internet Pvt. Ltd, which is owned by Flipkart, in partnership with private lender Yes Bank launched unified payments interface (UPI) based payments app.
PhonePe allows users to link their bank accounts securely to their smartphone using National Payments Corporation of India’s encrypted libraries.