Direct Pay (push money), Collect Pay (pull money) in Unified Payments Interface (UPI)

Q.  Which nomenclature is being used in Unified Payments Interface (UPI)?
- Published on 10 May 16

a. Send and Recieve
b. Push and Pull
c. Transmit and Recieve
d. Credit and Debit

ANSWER: Push and Pull
 
  • UPI has ability to use personal mobile to "pay" someone (push) as well as "collect" from someone (pull).
  • Its value lies in using customer’s mobile phone as the primary device for all authentications and authorizations for both “Direct Pay” (push money) and “Collect Pay” (pull money) transactions.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲