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The crucial crutch of digital payments

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  • Date Added: Dec 10, 2020
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Case Study

THEHINDUBUSINESSLINE NOV 2020 Thanks to the Centre’s efforts, digital payments have zoomed and proved vital during the pandemic

India has made rapid strides in the domain of digital payments through mobile and internet banking, as per the latest Financial Access Survey Report, 2020 released by IMF. The number of such transactions per 1,000 adults in India increased from 102.85 in 2014 to 6,183.62 in 2019 — almost 60 times.