RAS question
What is Malaysia's QR-based payment system linked with India's UPI?
Correct answer: (C) DuitNow.
India's UPI is linked with Malaysia's DuitNow QR system for cross-border QR payments.
Explanation
The PayNet-NPCI International agreement enables cross-border QR payments between Malaysia and India. India's UPI ecosystem is linked with Malaysia's DuitNow QR system. PayNet states that, in the first phase, Indian travellers to Malaysia will be able to use UPI-enabled apps at supported DuitNow QR touchpoints across Malaysia. PayNet identifies DuitNow QR as Malaysia's national QR standard, operated by PayNet. DuitNow is Malaysia's QR-based payment system connected to UPI, while private wallets and other countries' payment rails are separate from this Malaysia-India QR linkage.
Why the other options are wrong
- (A) GrabPay is wrong because PayNet names DuitNow QR, not GrabPay, as the Malaysian QR system linked with UPI.
- (B) PayNow is wrong because the Malaysia-India QR linkage runs through DuitNow QR, not PayNow.
- (D) PromptPay is wrong because PayNet's agreement with NPCI International refers to DuitNow QR for Malaysia, not PromptPay.
Concept
Digital payments and cross-border payment connectivity fall under the Indian Economy syllabus. UPI's overseas linkages connect financial infrastructure with current economic affairs and recur in RAS preparation.