Electronic payments rise marginally in August: RBI

Credit, debit cards saw a slight rise in volume and value, stated the central bank in its monthly bulletin

Electronics payments saw a marginal rise in volume in August over the previous month, said the Reserve Bank of India’s (RBI’s) monthly bulletin.

The volume for August rose to 1,906.25 million from 1,876.5 million.

Mobile banking continued to dip but at a marginal rate. The volume and value for August was 99.64 million and Rs 79,913 crore against 102.40 million and Rs 80,136 crore, respectively, in the previous month. 

Credit and debit cards saw a slight rise in volume and value. The value of credit card payments was Rs 36,603 crore in August, against Rs 34,215 crore in July. The value of debit