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Cash Transactions Decline Rapidly In India As Digital Payments Surge: RBI Economist
Pradip Bhuyan from the Reserve Bank’s Department of Currency Management wrote in the paper that the share of digital payments more than doubled from 14-19 per cent in March 2021 to 40-48 per cent in March 2024, with unified payments interface (UPI) playing a key role.
Pradip Bhuyan from the Reserve Bank’s Department of Currency Management wrote in the paper that the share of digital payments more than doubled from 14-19 per cent in March 2021 to 40-48 per cent in March 2024, with unified payments interface (UPI) playing a key role.
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