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Business Standard

Digital transactions could reach Rs 15 trillion a day by 2025: RBI

Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016

Topics
RBI | digital transactions | Coronavirus

Anup Roy  |  Mumbai 
The World Health Organisation has advised switching to contactless payments too | File photo
Digital payments include transactions done through credit and debit cards, apart from various mobile payment modes

Payments through digital modes are expected to jump to 1.5 billion transactions, worth Rs 15 trillion a day in five years, the Reserve Bank of India (RBI) estimates.

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First Published: Wed, July 22 2020. 19:02 IST

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