Which digital banking initiative has been widely adopted by commercial and cooperative banks in Himachal Pradesh to ensure seamless electronic fund transfers and real-time settlement across urban and rural branches?

💡 Solution & Explanation

Unified Payments Interface enables instant real-time payments via mobile devices, transforming retail transactions across remote districts of Himachal Pradesh. Manual ledgers and postal money orders represent legacy systems largely superseded by electronic digitization. High mobile penetration has facilitated the rapid expansion of digital financial literacy in the hills.