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Digital transactions set to rise four times by 2021: Reserve Bank of India

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  • Date Added: Feb 03, 2020
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INDIANEXPRESS JUN-2019 India’s push to build a less-cash economy seems to be gathering momentum with the central bank recording a phenomenal growth in digital transactions till March 2019 and setting an ambitious target to push up the volumes by four times by 2021.

Total digital transactions in volume terms recorded a growth rate of 58.8 per cent during 2018-19, on top of a growth of 50.4 per cent during 2017-18, the Reserve Bank of India said in a report.