CURRENT AFFAIRS : BANKING & FINANCE
UPI Most Preferred Mode for Digital Payments in India in 2022
- As per the India Digital Payments Annual Report for 2022 released by global payments player Worldline India, the most preferred medium for digital payments was Unified Payments Interface (UPI) in 2022.
Key Highlights :
- A total of 8,792 crore digital payments were undertaken in 2022 worth ₹149.5 lakh crore.
- The total number of transactions in UPI jumped by 70% in 2022, pushing the count up to 74 billion.
