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Detailed explanation-1: -Notes: India’s largest lender State Bank of India (SBI) has topped the list of the Ministry of Electronics & Information Technology’s (MeitY) Digital Payment Scorecard for 3 consecutive months.

Detailed explanation-2: -ICICI Bank’s Pockets Tops List Of India’s Most Valued Digital Payment Brands, Followed By PayZapp & Google Pay.

Detailed explanation-3: -Bank of Baroda won the #1 position in overall digital transactions amongst large banks for FY20-21 and it was felicitated by the MeitY Govt of India at the Digital Payments Utsav.

Detailed explanation-4: -2022 was a great year for India’s digital payments framework, or UPI, on all fronts – be it the number of transactions or their total value. At the end of the calendar year 2022, UPI’s total transaction value stood at INR 125.95 Lakh Cr, up 1.75X year-on-year (YoY), as per the NCPI.

Detailed explanation-5: -By India Today Web Desk: Prime Minister Narendra Modi launched the digital payment solution e-RUPI on August 2, 2021. e-RUPI is a cashless and contactless instrument for digital payment that will play a significant role in making direct benefit transfer(DBT) more effective.