Nation

Digital payment transactions register unprecedented growth in country: Govt

The Union Government today said, digital payment transactions have registered unprecedented growth in the country. In a written reply in the Lok Sabha, Minister of State for Electronics and Information technology Rajeev Chandrasekhar said, easy and convenient modes of digital payment, such as Bharat Interface for Money-Unified Payments Interface (BHIM-UPI), Immediate Payment Service (IMPS) , pre-paid payment instruments (PPIs) and National Electronic Toll Collection (NETC) system have registered substantial growth. Mr Chandrasekhar said, these have transformed digital payment ecosystem by increasing person-to-person (P2P) as well as person-to-merchant (P2M) payments. He said, BHIM-UPI has emerged as the preferred payment mode of users. The total number of over eighty-eight hundred crore digital payment transaction undertaken during 2021-22 and nearly 33 hundred crore in the current financial year upto 24th of last month.

The Minister said, Indian consumers have displayed great affinity to digital technology, leading to raid growth in digital payment infrastructure.

13 Comments

13 Comments

Leave a Reply

Your email address will not be published.

five × 2 =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us