RBI's new moto 'cash is king, but digital is divine'

Overall, the digital payments in the country have witnessed a growth (CAGR) of 61 per cent and 19 per cent in terms of volume and value, respectively over the past five years, demonstrating a steep shift towards digital payments. "Cash still rules but is increasingly seen as a way to store value as an economic asset rather than to make payments," it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SU3aYV