CURRENT AFFAIRS

2022

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

What percentage of increase in UPI transactions is raised in semi-urban and urban sectors?

A	560
B	500
C	100
D	650

Explanation:

Detailed explanation-1: -UPI transactions see 650% rise at semi-urban, rural stores: Report.

Detailed explanation-2: -Big Guns Of The Ecosystem For context, the transaction count represents 96.36% of the total transactions in India in the first 11 months of 2022 and 94.67% of the total value of UPI transactions during the period.

Detailed explanation-3: -In 2022, the UPI platform saw 7,404 crore transactions for Rs 125 lakh crore.

Detailed explanation-4: -PhonePe and Google Pay command over 85% of the UPI market share, even as over a dozen players also compete in the space.

Detailed explanation-5: -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.