Current Affairs · UPI Ecosystem Growth Trends
Based on findings in the RBI's Payment System Report (December 2024), consider the following statements regarding the growth and innovations within the Unified Payments Interface (UPI) ecosystem: 1. Between CY-2019 and CY-2024, the UPI system recorded a volume compound annual growth rate (CAGR) of 86.5% and a corresponding value CAGR of 89.3%. 2. Within the UPI framework, peer-to-merchant (P2M) transactions are expanding at a faster pace than peer-to-peer (P2P) transactions, registering a CAGR of 99-109%. 3. The growth of the ecosystem has been supported by the integration of multiple innovations, including QR-based payments, UPI Lite, Autopay, card linking, and offline transactions. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 12 and 3 only✓
- 21 and 2 only
- 31 and 3 only
- 41, 2, and 3
Correct answer
2 and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice UPI Ecosystem Growth Trends MCQs →Want more practice questions on UPI Ecosystem Growth Trends?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · UPI Ecosystem Growth Trends