2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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25.5%
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21.5%
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27.5%
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29.5%
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Detailed explanation-1: -Total transaction value in the Digital Payments segment is projected to reach US$160.60bn in 2023. Total transaction value is expected to show an annual growth rate (CAGR 2023-2027) of 14.16% resulting in a projected total amount of US$272.80bn by 2027.
Detailed explanation-2: -The Phone Pe report said 40 percent of all transactions in India are digital and payments worth $3 trillion were processed by digital instruments in 2021, excluding financial services, corporate business and government transactions.
Detailed explanation-3: -The number of digital payment transactions increased significantly during the last few years – from Rs 2,071 crore in FY 2017-18 to Rs 8,840 crore in FY 2021-22.
Detailed explanation-4: -PhonePe and Google Pay, on average, have about 80% share on the digital payments network each month. The NPCI has set a limit of 30% market share for any digital payments entity.