E-payments rise marginally in volume, dip in value

The volume for Real Time Gross Settlement for October was 10 million, a marginal rise from 9.6 million transactions in September

Electronic payments saw a marginal rise in volume in October over the previous month, said the Reserve Bank of India (RBI).

The volume for August rose to 1,938.63 million from 1,875.13 million. The value of digital payments dipped to Rs 204 lakh crore against Rs 220 lakh crore.

Mobile banking rose, both in volume and value. The volume and value for October was 154.5 million and Rs 97,100 crore, respectively, against 113.94 million and Rs 84,847 crore in the previous month.

Debit cards saw a rise in volume and value but credit cards saw a slight dip in volume. The value of credit