Question
As of August 2024, what significant achievement did NPCI
International Payments Limited (NIPL) accomplish regarding UPI transactions in Nepal?Solution
• Option B is correct because NIPL achieved the milestone of surpassing 100,000 cross-border UPI P2M transactions in Nepal as of August 2024. • Option A is incorrect as there is no mention of a new multi-currency feature being launched in Nepal. • Option C is incorrect because NIPL did not introduce UPI transactions in local currency but rather expanded cross-border UPI transactions. • Option D is incorrect because the 45% growth in UPI transactions pertains to overall transactions, not just the Indian market. • Option E is incorrect because NIPL's efforts in Nepal included collaboration with Fonepay, and the operationalization of RuPay cards involved partnerships.
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