Question

Consider the following statements in regards to the data released by the National Payments Corporation of India (NPC

Q: Answer-Consider the following statements in regards to the data released by the National Payments Corporati...

According to the data released by the National Payments Corporation of India NPCI, India has recorded 10 billion UPI transactions in volume for the first time in a month. In terms of value as well, UPI transactions are expected to reach a new high, having already reached Rs 15.18 trillion. In August 2023, the Immediate Payment Service IMPS transactions were seen at 473 million with a value of Rs 4.93 trillion.

I :
I In august 2023, India has recorded 10 billion UPI transactions in volume for the first time in a month. I
I In August 2023, the Immediate Payment Service (IMP
I NCPI was formed with the guidance and support of the Reserve Bank of India (RB
I and Indian Banks Association. Which of the following statements is/are incorrect?
S transactions were seen at 473 million with a value of Rs 4.93 trillion. II