There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.
Sentence: The same trend of increasing preference for digital payment methods also played out in other uses cases such as the FastTag electronic toll collection system.
Pandemic accelerated this increasing preference for digital payments. (1)__________. The pandemic also further accelerated this growth in digital payments, especially for merchant payments with consumers demanding digital payment methods in lieu of cash for safety reasons. (2)_________.The increased digital payment acceptance amongst merchants further drove customer adoption kicking off a virtuous cycle of growth. (3)__________. NPCI data showed a more than 50% jump in monthly transaction volumes across UPI (for payments), BBPS (Bharat Bill Payments System), an NPCI operated system, built to make recurring bill payments interoperable. (4)_________.
In fact, the BBPS system has seen the billing transaction volume grow from 3.5 Crore (for a value of Rs 5202 Cr.) in April '21 to 10 Crore (for a value of Rs 16,904 Cr) in December '22 as per the NPCI data.
There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.
Sentence: The same trend of increasing preference for digital payment methods also played out in other uses cases such as the FastTag electronic toll collection system.
Pandemic accelerated this increasing preference for digital payments. (1)__________. The pandemic also further accelerated this growth in digital payments, especially for merchant payments with consumers demanding digital payment methods in lieu of cash for safety reasons. (2)_________.The increased digital payment acceptance amongst merchants further drove customer adoption kicking off a virtuous cycle of growth. (3)__________. NPCI data showed a more than 50% jump in monthly transaction volumes across UPI (for payments), BBPS (Bharat Bill Payments System), an NPCI operated system, built to make recurring bill payments interoperable. (4)_________.
In fact, the BBPS system has seen the billing transaction volume grow from 3.5 Crore (for a value of Rs 5202 Cr.) in April '21 to 10 Crore (for a value of Rs 16,904 Cr) in December '22 as per the NPCI data.
The given sentence talks about a trend of increasing preference. The preceding lines before the 4th blank shares some data related to that preference only. Hence, 4th blank is the best fit here.
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