Mastering Modern Banking
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Questions and Answers

What is the market share of PhonePe in the UPI market in FY23 (April-December)?

47%

Which platform did RBI launch a pilot project on central bank digital currency (CBDC) in November 2022?

NDSOM CBDC

What is the total share of UPI transactions in 9M FY23?

42%

What is the use case for the wholesale digital rupee according to the Central bank?

<p>settlement of secondary market transactions in government securities</p> Signup and view all the answers

What percentage of overall transactions were accounted for by financial transactions via digital channels?

<p>92%</p> Signup and view all the answers

What steps has RBI taken to enable mobile payments and enhance their role in digital transactions?

<p>RBI has taken several steps to enable mobile payments and enhance their role in digital transactions.</p> Signup and view all the answers

What is the market share of Google Pay in the UPI market in FY23 (April-December)?

<p>34%</p> Signup and view all the answers

What is the name of the platform launched by RBI for the pilot project on central bank digital currency (CBDC)?

<p>NDSOM CBDC</p> Signup and view all the answers

What is the percentage share of UPI transactions in total financial transactions via digital channels in 9M FY23?

<p>42%</p> Signup and view all the answers

What is the use case for the wholesale digital rupee according to the Central bank?

<p>The use case for the wholesale digital rupee is for the 'settlement of secondary market transactions in government securities'.</p> Signup and view all the answers

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