Discussion
________ is only a transfer mechanism, which transfers money between different bank accounts and does not hold Money.
Answer: D
Correct answer: BHIM
BHIM holds no money of its own: it is a front end to UPI, and every payment moves directly from the payer’s bank account to the payee’s. Paytm, Airtel Money and m-pesa are wallets - the customer loads value into them first, and that balance sits with the issuer until it is spent.
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