NUUP Abbreviation

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Popular abbreviations of NUUP:

Searching for NUUP abbreviation / NUUP full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does NUUP mean?

India is rapidly enhancing the cashless sector of the economy as the financial authority is all set to make the entire Indian economy cashless. But the concerns of the ordinary citizens of this country are also rising.

Prime Minister Narendra Modi, in his latest podcast called Maan Ki Baat, has invited them to go ahead and alert people to utilize alternatives such as Aadhar Card based biometric payment applications POS machines, Rupay card, net banking, UPI or Unified Payment Interface and NUUP which stands for National Unified USSD Platform. But with the opposition’s pouring fuel on the Fire, the topic of cashless India does not seem like a simple way to improve the Indian economy as for the dream of the current Prime Minister, Mr Narendra Modi.

For all the people who are saying that in a nation with lousy internet network coverage and poor education rate, the concept of the cashless economy will backfire on the citizens terribly.

The process of NUUP

National Unified USSD Platform or NUUP is a mobile banking facility based on USSD from the National Payments Corporation of India, which is as simple as calling a number from the typical GPS phone.

From an illiterate to a scholar, everybody can enjoy mobile banking facilities by just calling *99# from the GPS phone. And of course, the individual does not require any internet connection for utilizing mobile banking through the Unstructured Supplementary Service Data code.

And still, they can find out the current balance in their account, get a short statement and even transfer their money from an account to another account just by entering an easy code of Mobile Money Identifier.

Wrapping up:

The concept of the cashless economy will be successful or not; it is hiding in the chest of the future. But a citizen of India should always be aware of the latest features of the cashless economy to handle the situation in the tough time.