NPCI :Digital transactions crossed 1 billion

     Written by : SMTV24x7 | Sat, Aug 05, 2017, 03:27 PM

NPCI :Digital transactions crossed 1 billion

New Delhi Aug 5: A data has been released.
National Payments Corporation of India (NPCI) has revealed the data regarding the digital transactions yesterday.

* Digital payments have crossed 1 billion in July
* The transactions have grown up 20 times in seven years.
* The digital Transactions in January 2010 was 50 million.
* The digital transactions have grown up after demonetization rapidly.
* UPI based transactions grew 10 percent to nearly 12 million in July.
* Aadhar Enabled Payments system has recorded the highest growth.

United Payments Interface UPI was developed by NPCI to make sure that all banking transactions are easy and it is supported by 50 banks.

NPCI officials have said that they would take more steps to ensure that 1 billion transactions take place in a day by 2020.