2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has topped in digital payments?
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Bank Of Baroda
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State Bank of India
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Punjab National Bank
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HDFC bank
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Explanation:
Detailed explanation-1: -The top five remitter Banks were State Bank of India, HDFC Bank, Bank of Baroda, Union Bank, and ICICI Bank, whereas the top 5 beneficiary banks were Paytm Payments Bank, YES Bank, State Bank of India, Axis Bank, and ICICI Bank.
Detailed explanation-2: -The top 5 acquirer Banks are IDFC Bank, ICICI Bank, Paytm Payments Bank, Axis Bank, and HDFC bank.
Detailed explanation-3: -UPI currently constitutes well over 40% of all digital transactions taking place in India. It has given a boost to small businesses and street vendors as it enables fast and secure bank-to-bank transactions even for considerably small amounts.
Detailed explanation-4: -India leading the world in Digital Payments.
There is 1 question to complete.