Question

    What was the share of UPI in India's total digital

    payments in 2024?
    A 60% Correct Answer Incorrect Answer
    B 75% Correct Answer Incorrect Answer
    C 83% Correct Answer Incorrect Answer
    D 90% Correct Answer Incorrect Answer
    E 95% Correct Answer Incorrect Answer

    Solution

    According to the RBI's payment system report, UPI's share in India's digital payments surged to 83% in 2024, a significant rise from 34% in 2019. This growth was driven by real-time payment adoption, reducing reliance on other payment methods like NEFT, RTGS, IMPS, and card-based transactions, which collectively declined to 17%.

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