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Digital payments to grow at 26 pc CAGR during 2016-2020:Report

Press Trust of India  |  New Delhi 

Initiatives of the and the National Payments Council of (NPCI) will help non- transactions grow at a CAGR of 26.2 per cent during 2016 -2020, said a report.

Quoting NPCI, the report said is expected to witness a six-fold growth in transactions to reach 25 billion transactions during 2017-18, up from 4 billion in 2015-16.

could potentially make its way into the global top 10 markets in terms of non-volumes, as per the World Payment Report, 2017 jointly commissioned by Capgemini and

"Initiatives of the Indian and the National Payments Council of India (NPCI) will help non- transactions to grow at a CAGR of 26.2 per cent during 2016- 2020," it said.

According to the report, Emerging Asia, led by and India, is projected to grow 30.9 per cent in volumes.

The report also estimates that volumes generated by emerging economies will grow by 19.6 per cent, or three-times the rate of mature economies.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 21:13 IST