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XPay.Life launches________services targeted at rural India.
A)
UPI
B)
Finance
C)
Banking
D)
Insurance

Correct Answer :   UPI


XPay.Life, a blockchain-enabled transaction framework, launched UPI services on Friday(10th June 2022). XPay.Life is working with the regional rural banks (RRBs) and district co-operative central banks (DCCBs) to offer better banking facilities and drive financial inclusion in rural areas.
 
With the launch of its UPI services, XPay.Life’s 4 million consumers across 15 states and in over 1 lakh villages will have better access to financial facilities.
 
XPay.Life works on three models – SaaS (software-as-a-service) which include their mobile app, PaaS (platform-as-a-service) which includes their dynamic natured website & IaaS (infrastructure-as-a-service), which it’s mobile vans cover.
 
The fintech company along with NABARD, NPCI and the state government is working to strengthen digitization of payments into reality by enabling the last mile links of RRBs and DCCBs..
 

Published On : June 14, 2022
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