Consider the following statements regarding Merchant Discount Rate (MDR) and the BHIM-UPI incentive scheme: 1. The expenditure incurred by the digital payment industry while providing services to its customers/merchants is recovered through the charge of Merchant Discount Rate (MDR). 2. As per Government directives, MDR is zero for all BHIM-UPI transactions. 3. The Incentive Scheme covers specified low-value BHIM-UPI Person-to-Merchant (P2M) transactions up to ₹2,000. Which of the statements given above is/are correct?

What is the daily aggregate limit set by NPCI for UPI Person-to-Merchant (P2M) transactions in specified categories?

Consider the following statements regarding UPI and other digital payment systems in India for December 2025: 1. UPI transactions reached a record 21.63 billion in December 2025, surpassing October 2025's 21.1 billion. 2. FASTag transaction volumes decreased in December 2025 compared to November 2025. 3. AePS transactions declined to 95 million in December 2025, though showing 3% year-on-year growth. Which of the above statements is/are correct?