UPSC 2017EconomyModerate

Which of the following is a most likely consequence of implementing the 'Unified Payments Interface (UPI)' ?

a
Mobile wallets will not be necessary for online payments.
b
Digital currency will totally replace the physical currency in about two decades.
c
FDI inflows will drastically increase.
d
Direct transfer of subsidies to poor people will become very effective.
Digital PaymentsUnified Payments Interface (UPI)Unified Payments InterfaceUPINational Payments Corporation of IndiaNPCIMobile WalletsVirtual Payment AddressVPA

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