A customer scans a QR code using a UPI-enabled mobile application and transfers Rs. 1,250 to a merchant. Which type of transaction is this primarily an example of?
Options
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A.
Digital payment
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B.
EDI transaction
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C.
C2C data exchange
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D.
More than one of the above
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E.
None of the above
Correct Answer (Detailed Explanation is Below)
A.
Digital payment
Detailed Explanation
A UPI QR-code payment is a digital payment transaction. UPI enables users to transfer money electronically between bank accounts using supported mobile applications.
