Virus boosts digital payments in India where cash ban failed

The Reserve Bank of India last year said it aimed to increase digital transactions to about 15% of gross domestic product by 2021, from nearly 10% at the time. The government is aiming for a billion digital transactions per day as the world’s fastest-growing smartphone market empowers consumers to transact at the click of a button.

from Banking/Finance-Industry-Economic Times https://ift.tt/2W9U8If