Consider the following countries : I. United Arab Emirates III. France III. Germany IV. Singapore V. Bangladesh How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?

1. A. Only two
2. B. Only three
3. C. Only four
4. D. All the five

Answer: B

Explanation

UPI (Unified Payments Interface) is India’s mobile-based fast payment system. Its international acceptance is expanding. From the given list: I. United Arab Emirates (UAE): Yes, UPI is accepted for international merchant payments in the UAE. II. France: Yes, UPI was launched for merchant payments in France, notably at the Eiffel Tower. IV. Singapore: Yes, UPI is accepted for international merchant payments in Singapore, with linkage to PayNow. Germany (III) and Bangladesh (V) are not currently listed among the countries where UPI is accepted for international merchant payments. Other countries where UPI is accepted include Bhutan, Mauritius, Nepal, and Sri Lanka. Therefore, three countries from the list (UAE, France, Singapore) accept international merchant payments under UPI. The internationalization of India’s digital payment systems is a significant development for UPSC Economy and Current Affairs.