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RBI Grade B Phase 1 PYP >> Jul 9, 2023 - Shift 2 >> General Awareness

Question :

According to a recent report by Worldline, what was the value of transactions recorded by UPI in 2022?

1. INR 106 trillion

2. INR 108 trillion

3. INR 115 trillion

4. INR 126 trillion

5. INR 132 trillion

Correct Answer : 4
Solution :

In 2022, the Unified Payments Interface (UPI) recorded a total transaction volume of 74 billion transactions. According to Worldline's India Digital Payments Annual Report 2022, the total value of digital transactions, including UPI, debit and credit cards, and prepaid payment instruments, was INR 149.5 trillion. While the specific value of UPI transactions is not detailed in the provided sources, the options suggest that INR 126 trillion is the closest estimate among the given choices.

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