Which payment company became the leading contributor to Unified Payments Interface (UPI) payments with over _____ % of overall market share, on 2nd October 2018?
Answer with explanationAnswer: Option A
On October 2, 2018, Alibaba and SoftBank-backed Paytm became the leading contributor to Unified Payments Interface (UPI) payments with over 33% of overall market share. In September 2018, it registered over 137 million UPI transactions. It also enabled BHIM UPI for offline payments where 5 million offline merchants accept Paytm UPI. More than 20 per cent of all payments on Paytm are made using BHIM UPI for mobile recharge and payments, electricity and water bills and DTH recharges. It also launched its Spam-proof “SMS Inbox” as part of its “Paytm Inbox”.