🚗"Hero MotoCorp and Maruti Suzuki: Two Giants in the World of Vehicles"
[THREAD🧵]👇
1) In Feb'23, 71% of the vehicles purchased in India were two-wheelers, indicating that the majority of Indian citizens primarily rely on 2W for transportation.
It is a technology/system that allows users to link more than one bank account in a single smartphone app & make fund transfers without having to provide an IFSC code or account number.
NPCI is an organization that launched UPI.
2) What does the NPCI circular say?
The recent NPCI circular only talks about transactions using Prepaid Payment Instruments(PPI).
Think of PPI as a digital wallet like your Paytm Wallet.
This rule does not affect transactions made through banks using UPI.