Current Affairs · Banking and Digital Economy
Consider the following statements regarding the Unified Payments Interface (UPI) as of mid-2025: 1. The International Monetary Fund (IMF) has recognized UPI as a groundbreaking development in India's digital payment landscape. 2. UPI was introduced in 2014 by the National Payments Corporation of India (NPCI). 3. UPI transaction volumes had not yet crossed 5 billion transactions per month by 2025. Which of the statements given above is/are correct?
- 1Both 2 and 3
- 2Only 1✓
- 3Both 1 and 3
- 4Only 3
Correct answer
Only 1
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