BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which company has contributed over 33% (Most UPI transactions) of overall UPI transactions?

A	Flipkart
B	Amazon
C	Snapdeal
D	Paytm

Explanation:

Detailed explanation-1: -Answers. Alibaba and SoftBank-backed Paytm registered over 137 million UPI transactions in September, becoming the leading contributor to Unified Payments Interface (UPI) payments with over 33% of the overall market share.

Detailed explanation-2: -State Bank Of India, HDFC Bank Ltd and Bank of Baroda are the top UPI Remitter Banks.

Detailed explanation-3: -According to the latest report by NPCI, as a beneficiary bank, PPBL has registered over 1, 618 million transactions and as a remitter bank, it has registered more than 364 million transactions in December 2022.

Detailed explanation-4: -Paytm, which got listed in 2021 at a whopping USD18. 5 billion valuation, now trades at around USD4. 25 billion. PhonePe is three times bigger than Paytm in terms of UPI market share and customer app usage metrics.

There is 1 question to complete.