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The following is a report on digital payment by The Era of Rising Fintech. a. Karnataka ranks first in the use of digital payments. b. Maharashtra ranks second in the use of digital payments. c. Bengaluru ranks first in digitised cities. d. Hyderabad ranks second in digitised cities. Which of the above sentences is correct?

The following is a report on digital payment by The Era of Rising Fintech. a. Karnataka ranks first in the use of digital payments. b. Maharashtra ranks second in the use of digital payments. c. Bengaluru ranks first in digitised cities. d. Hyderabad ranks second in digitised cities. Which of the above sentences is correct? Correct Answer Only a, b and c

The correct answer is Only a, b and c.

Key Points

The Era of Rising Fintech -

  • Fintech is used to describe new technology that seeks to improve and automate the delivery and use of financial services.
  • The key segments within the FinTech space include Digital Payments, Digital Lending, BankTech, InsurTech and RegTech, Cryptocurrency.
  • This report was published by 'Razorpay'.
  • According to the report, Karnataka topped the list of most digitised States in the April-June 2019 quarter, followed by Maharashtra and Delhi. Hence sentence a and b is correct.
  • Tamil Nadu ranked fourth, followed by Andhra Pradesh.
  • Bengaluru topped the list of most digitised cities, followed by Hyderabad, Mumbai, Pune and Delhi. Hence sentence c is correct and d is not correct.
  • Chennai ranked sixth in digital payments adoption during the April-June quarter.

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