CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the data by NPCI, which bank was the largest recipient of the UPI transaction amount in the October-December quarter in 2021?

A	Bank of Baroda
B	State Bank of India
C	Paytm Payments Bank
D	Punjab National Bank

Explanation:

Detailed explanation-1: -Paytm Payments Bank has emerged as the biggest receiver of unified payments interface (UPI) amount with 926.17 mn transactions. State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021. The data was released by the National Payments Corporation of India (NPCI).

Detailed explanation-2: -UPI sees highest-ever 782 cr transactions worth a record Rs 12.82 lakh crore in December 2022. Unified Payments Interface (UPI) payments touched a record high of Rs 12.82 lakh crore in December, up from Rs 11.90 lakh crore in November.

Detailed explanation-3: -According to NPCI data, approximately 74 billion transactions worth Rs 125.94 trillion were conducted using UPI in calendar year 2022. The platform handled more than 38 billion transactions totalling Rs 71.54 trillion in 2021.

There is 1 question to complete.