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Introduction (NBFC): NBFC, or Non-Banking Financial Companies, are financial institutions that provide banking services without holding a banking licence. NBFC…

Introduction (NBFC): NBFC, or Non-Banking Financial Companies, are financial institutions that provide banking services without holding a banking licence. NBFC…

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bile platform. It was developed by the National Payments Corporation of India (NPCI) and controlled by the RBI. UPI transactions are processed through a Virtual Payment Address (VPA) or the UPI ID.