Question
Reserve Bank of India notified that the transactionsÂ
through UPI are worth________ , registering a growth of 17 per cent from Rs 5.36 lakh crore in February 2022.Solution
Reserve Bank of India notified that the payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. In value terms, these transactions are worth Rs 6.27 lakh crore, registering a growth of 17 per cent from Rs 5.36 lakh crore in February 2022. The overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months.
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