2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2028
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2025
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2026
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2025
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Detailed explanation-1: -Digital Payments in India Projected To Reach $10 Trillion by 2026: BCG and PhonePe Pulse Release Report on Digital Payments.
Detailed explanation-2: -Indian digital payment industry is projected to reach $10 trillion by 2026, according to a report by digital payments company PhonePe, in collaboration with management consulting firm Boston Consulting Group. India’s digital payments landscape has witnessed phenomenal growth over the past five years.
Detailed explanation-3: -The number of digital payment transactions should treble by 2025 and the Unified Payments Interface (UPI) should register an average annualised growth of 50% by then, according to the Reserve Bank of India (RBI).
Detailed explanation-4: -India’s digital payment volume has climbed at an average annual rate of about 50 percent over the past five years.
Detailed explanation-5: -With 380 million registered users, one in four Indians are now on PhonePe. We have also digitized 30 million offline merchants spread across Tier 2,3,4 and beyond, covering over 99% pin codes in the country.