Economics · Economy

With reference to Unified Payments Interface (UPI) adoption in India, consider the following statements: I. UPI has become the world's largest real-time payment system by transaction volume. II. SBI economists noted UPI growth as a sign of India's move towards formalisation. III. NPCI is jointly owned by RBI and SEBI. IV. UPI transactions in India are processed instantly via the Immediate Payment Service (IMPS) infrastructure. How many of the above statements are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

Only three

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