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Which of the following is a most likely consequence of implementing the ‘United 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.



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By implementing UPI, which provides a seamless and convenient way for customers to make payments directly from their bank accounts, the need for mobile wallets for online payments may decrease. UPI offers a unified platform that allows users to link their bank accounts and make transactions without the need for additional digital payment methods. As UPI gains popularity and wider acceptance among merchants and service providers, customers may find it more convenient to use UPI for online payments instead of relying on separate mobile wallet applications.

It's important to note that while this consequence is likely, it does not mean that mobile wallets will become completely obsolete. There may still be situations where users prefer to use mobile wallets for specific purposes or in cases where UPI is not available. However, the convenience and widespread adoption of UPI may reduce the reliance on mobile wallets for online transactions.


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