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Samiksha Bharti News Service

Samiksha Bharti News Service

Digital transactions registered tremendous growth

Digital transactions registered tremendous growthOver the past two years, digital payment transactions have registered tremendous growth in India. New payment modes like Bharat Interface for Money-Unified Payments Interface i.e. BHIM-UPI, Aadhaar enabled Payment System and National Electronic Toll Collection, have transformed digital payment ecosystem by increasing person to person as well as person to merchant payments. At the same time, existing payment modes such as debit cards, credit cards, IMPS and pre-paid Instruments have registered substantial growth.

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