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Digital transaction volumes soar; BHIM gains currency

Project Info

  • Date Added: Feb 03, 2020
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THEHINDUBUSINESSLINE SEP-2019 There has been an increase in digital payments across the country since 2016. The number of digital transactions in 2016-17 was 1,013 crore, which increased to 3,134 crore in 2018-19. This year, till September 11, 1,527 crore digital transactions have taken place. Interestingly, the popularity of Bharat Interface for Money (BHIM) payment app is multiplying, when compared to other digital payment modes.