2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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15%
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50%
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20%
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30%
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Detailed explanation-1: -NPCI in November 2022 had proposed a 30 per cent volume cap for third-party app providers (TPAP) in a bid to avoid concentration risk. At present, there is no volume cap.
Detailed explanation-2: -The guidelines, introduced in November 2020, mandated that the UPI volume of transactions initiated through a payment service provider do not exceed 30 per cent of the overall volume of transactions processed in UPI during the preceding three months.
Detailed explanation-3: -The Company’s status is Active, and it has filed its Annual Returns and Financial Statements up to 31 Mar 2022 (FY 2021-2022). It’s a company limited by shares having an authorized capital of Rs 300.00 cr and a paid-up capital of Rs 140.37 cr as per MCA.
Detailed explanation-4: -But on December 2, in a widely expected move, the NPCI extended the deadline for UPI players to adhere to a market cap of 30 percent by two years, to December 31, 2024.