Economics · Banking and Financial Inclusion
Which of the following statements is INCORRECT regarding digital payments in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1UPI enables the creation of a Virtual Payment Address (VPA) for transferring money.
- 2Paytm is an example of a digital wallet / PPI.
- 3RuPay is a domestic card payment network.
- 4There is a prescribed statutory upper maximum limit on RTGS transactions.✓
Correct answer
There is a prescribed statutory upper maximum limit on RTGS transactions.
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