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    Question

    As of August 2024, what significant achievement did NPCI

    International Payments Limited (NIPL) accomplish regarding UPI transactions in Nepal?
    A NIPL launched a new UPI feature that supports multi-currency transactions in Nepal. Correct Answer Incorrect Answer
    B NIPL surpassed 100,000 cross-border UPI Person-to-Merchant (P2M) transactions in Nepal. Correct Answer Incorrect Answer
    C NIPL partnered with the Nepalese government to introduce UPI transactions in local currency. Correct Answer Incorrect Answer
    D NIPL recorded a 45% growth in UPI transactions, but only in the Indian market. Correct Answer Incorrect Answer
    E NIPL operationalized RuPay cards in Nepal without collaborating with local payment networks. Correct Answer Incorrect Answer

    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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