Question
Consider the following statements about the Unified
Payments Interface (UPI): I. UPI recorded 14.04 billion transactions in May. II. The total value of transactions in May was Rs 20.45 lakh crore. III. UPI's transaction volumes rebounded strongly after a minor decline in April, reflecting a 49% year-on-year growth in daily transaction counts. Which of the above statements is/are correct?Solution
All statements are accurate, reflecting the significant performance metrics of UPI in May, highlighting the record number of transactions, the substantial total value, and the remarkable year-on-year growth in transaction counts.
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