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584% jump in digital transactions since demonetisation | ||||||||
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There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday. "There has been a phenomenal 584 per cent increase (0.3 to 4.5 million) in transactions made through the Unified Payments Interface (UPI) since demonetisation. In the same period, payments using Adhaar have also seen an unprecedented jump of 1352 per cent (0.7 to 2.7 million)," a NITI Aayog press release said. The release said that more than 14 lakh consumers and 77,000 merchants have been rewarded Rs 226 crore for embracing digital payments under the two incentive schemes -- Lucky Grahak Yojana and DigiDhan Vyapar Yojana -- which were launched by the Aayog on December 25 last year. | ||||||||
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