Question :Consider the following statements-
a)As per the UK based payments system company ACI India has the highest number of real-time online transactions in 2020.
b) Among the top 10 countries, the US was ranked ninth with 1.2 billion transactions.
c) The UPI (Unified Payment Interface) transaction increased by 18.7% in March 2021 as compared to February 2021.
Which of the above are correct?
i) a
ii)b
iii)c
iv) all of the above
Ans: iv
Context
- The UK based payments system company ACI recently released a report on digital payments.
Facts
- As per the report India has the highest number of real-time online transactions in 2020.
- India surpassed China with 25.5 billion real-time payments transactions followed by 15.7 billion in China, 6 billion in South Korea, 5.2 billion in Thailand, and 2.8 billion in the UK.
- Among the top 10 countries, the US was ranked ninth with 1.2 billion transactions.
- According to the report, the share of electronic transactions in India will exceed by 50% by 2024.
By kameshwar shukla