Digital payments surpass govt’s target for FY20

Digital transactions in the country jumped to 4,572 crore, or close to 46 billion, surpassing the target for fiscal 2020, according to a letter from the ministry of electronics and IT sent to bank chiefs last week. Overall transactions grew 46% over the previous year, reiterating the focus on digital payments, which the govt has been pushing since demonetisation in 2016.

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