HomeNews News Digital Payments Fall as Cash Crunch Reduces, Say RBI Data Digital Payments Fall as Cash Crunch Reduces, Say RBI Data

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Digital Payments Fall as Cash Crunch Reduces, Say RBI Data

Digital Payments Fall as Cash Crunch Reduces, Say RBI Data

Friday, March 10, 2017, 2:27 PM

Digital transactions, which gained prominence post demonetization, have started declining with the pick up in remonetisation, indicating the return of people’s preference for cash. As per the latest data of the Reserve Bank, as many as 9,575 lakh transactions were made through various digital modes, like credit/debit cards, UPI, USSD and mobile banking in December last year, the second month of demonetisation.
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