Correct Answer : Option (A) - 7.82 Billion
The Unified Payments Interface (UPI) closed the year 2022 on a high note as the number of transactions reached a record 7.82 billion in December 2022 and totalled Rs 12.82 trillion, also a record high.
The volume of transactions in December increased by 7.12 per cent when compared to November, while the value of transactions increased by 7.73 per cent during the same period, according to data issued by the National Payments Corporation of India (NPCI), the country's regulatory authority for retail digital payments.
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. As a result, nearly
90 per cent more transactions took place on the platform in a year, and their average value increased by
76 per cent..
Source : Outlook India
Published On : January 3, 2023
Category : Indian Economy
