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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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