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Digital money takes a big swipe at cash

Digital money takes a big swipe at cash

Friday, April 14, 2017, 1:55 PM

Digital payments grew 57% year-on-year in the last fiscal with mobile wallets more than doubling and card payments rising 44%, helped by a strong government push particularly after the demonetization drive in November last year. Aadhaar-enabled payment systems and the government-backed, UPI, have also helped in giving a big boost to digital transactions in 2016-17, according to the NPCI data.
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