2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.0
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3.0
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3.5
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4.0
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Detailed explanation-1: -In October 2021, the BHIM UPI platform surpassed a record of $100 billion in value (₹7.71 lakh crore) with over 4.2 billion digital transactions. Earlier in 2021, Bhutan became the first country to adopt the BHIM UPI for their digital transactions after the approval of the Royal Monetary Authority of Bhutan.
Detailed explanation-2: -BHIM was launched by Hon’ble Prime Minister on 30th Dec 2016 and within 10 days, the BHIM app had 1 crore downloads from Andriod Play Store and over 2 million transactions across the UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data) platforms.
Detailed explanation-3: -Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been launched in 2016 to bring in Financial Inclusion to the nation and a digitally empowered society. One can make direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the BHIM app.