Reserve Bank of India (RBI) directed Paytm Payments Bank Ltd (PPBL) to refrain from undertaking further deposits or credit transactions or top-ups, fund transfers, and other banking services from 29 February 2024. We will see one question.
In reference to above, consider the following statement.
- The UPI system started in the year 2016 in India.
- The total volume of UPI shown an increase of more than 600% in last 4 years.
- The data shows that PPBL dominates as the most used UPI app with over 40% share of UPI transactions from 2021 to 2023.
How many of the above statements is/are correct?