2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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Yes Bank
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Bank of Baroda
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HDFC Bank
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Detailed explanation-1: -Paytm Payments Bank, which powers Paytm UPI, continues to lead UPI payments as the largest beneficiary bank and a leading remitter bank.
Detailed explanation-2: -PhonePe is the best UPI app in India and it is a revolutionary app that trusts Indian people for making online mobile payments. It is not only for UPI payment but also used for recharge, making online bill payments, ordering food, shopping, etc.
Detailed explanation-3: -According to the National Payments Corporation of India (NPCI), a person can transfer up to ₹ 1 lakh through UPI in a single day. Google Pay, Paytm, and PhonePe are some of the commonly used applications to make UPI transactions.
Detailed explanation-4: -PhonePe and Google Pay command over 85% of the UPI market share, even as over a dozen players also compete in the space.