- UPI Person to Merchant transactions emerged as the most preferred payment mode among consumers with a market share of 64% in volume and 50% in terms of value.
- Apart from that, total UPI transactions touched over 14.55 billion transactions in volume and Rs 26.19 trillion in terms of value.
- The top UPI apps in terms of volume were PhonePe, Google Pay, Paytm Payments Bank App, and Amazon Pay.
- Among that Phone Pe, Google Pay, and Paytm accounted for 94.8 percent of UPI transactions.
- Credit cards and debit cards account for 7% and 10% of transactions respectively.
- Besides, consumers made 15.6 billion mobile-based payments whereas net banking/Internet browser-based transactions were over 1 billion.
Question:
Q.1 As per the latest report the UPI transaction touched _________billion transactions in the first quarter of FY22?a. 8.21 billion
b. 9.36 billion
c. 10.21 billion
d. 7.18 billion
