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      Question

      What milestone did UPI achieve in October 2024, and

      which transaction type primarily drove this growth?
      A 20 billion transactions; merchant payments Correct Answer Incorrect Answer
      B 15 billion transactions; peer-to-peer transfers Correct Answer Incorrect Answer
      C 16.58 billion transactions; person-to-merchant payments Correct Answer Incorrect Answer
      D 12 billion transactions; government subsidies Correct Answer Incorrect Answer
      E 10 billion transactions; domestic remittances Correct Answer Incorrect Answer

      Solution

      UPI achieved a record 16.58 billion transactions in October 2024, primarily driven by person-to-merchant payments during the festive season, marking significant growth in digital payment adoption in India.

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