CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which city has been accounted for the highest number of digital transactions in India in 2019?
A
Mumbai
B
New Delhi
C
Bengaluru
D
Pune
Explanation: 

Detailed explanation-1: -BENGALURU : Bengaluru accounted for the highest number of digital transactions in India in 2019, followed by Chennai, Mumbai and Pune, while United Payments Interface (UPI) was the most preferred mode of payment, said a new report by online payment processor Worldline India.

Detailed explanation-2: -Mumbai placed in the top five cities for highest digital payment transactions cities from January to October 2022: Worldline India.

Detailed explanation-3: -Telangana has the highest cumulative number of e-transactions per 1, 000 population among all States in the country between 2014 and 2022.

Detailed explanation-4: -In fiscal year 2019, digital payments accounted for 769 percent of India’s GDP share. The high ratio in the measured time period was a result of increasing digitization across the country was likely to continue.

Detailed explanation-5: -The report maintained that Mumbai, Karnataka, Kerala, Tamil Nadu and Andhra Pradesh were among the top five states that recorded the highest number of digital transactions while Bangalore topped the list of cities.

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