Question

Which company has become the  country's largest payments app to hit $1 trillion, annualized Total Payment Value (TPV) run rate, mainly on account of its lead in UPI transactions?

A Mobikwik Correct Answer Incorrect Answer
B Google Pay Correct Answer Incorrect Answer
C PhonePe Correct Answer Incorrect Answer
D Paytm Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

PhonePe has received an in-principle approval for its PA (payment aggregator) licence from the RBI.    Furthermore,PhonePe is now among the country's largest payments app, hits $1 trillion, or ₹84 lakh crore, annualised Total Payment Value (TPV) runrate, mainly on account of its lead in UPI transaction   The fintech firm claims to have digitised more than 35 million offline merchants spread across tier 2, 3, 4 cities and beyond, covering 99 per cent pin codes in India.

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