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A lakh is 100,000 and a crore is 10 million, or 10,000,000. In India, the next order of magnitude after 10,000 is one lakh (hundred thousand) and a crore is a
by sudhirj 4y ago
A lakh is 100,000 and a crore is 10 million, or 10,000,000.
In India, the next order of magnitude after 10,000 is one lakh (hundred thousand) and a crore is a hundred lakhs (100 x 100,000 or 10M).
- ignoramous 4y agoThe context is UPI ... has reached volumes of 10 lakh crore rupees per month 1,000,000 * 10,000,000 => 1E13/mo rupees => $125,000,000,000/mo Google, Facebook, Amazon, Walmart are all shareholders in the parent company that runs UPI along with some 19 other Indian banks.
- MAMAMassakali 4y agoUPI is owned by NPCI(National Payments Corporation of India) which in turn is owned 67 share holders. Top 10 share holders are major banks and they hold around 80% shares. Other owners are smaller banks, other non banking financial institutions and Google(GooglePay), Amazon(AmazonPay), Flipkart/Walmart(PhonePe) etc.