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Digital payments made via UPI witness massive jump

Digital payments made via UPI witness massive jump

Wednesday, April 5, 2017, 10:04 AM

Digital payments through the UPI continue to surge even after the end of demonetisation-induced cash shortage. UPI-based transactions jumped almost 20% to Rs 2,000 crore in March, up from Rs 1,660 crore in January. The figures boost Prime Minister Narendra Modi's agenda of ending black money through digital payments and the penetration of formal finance in the hinterland of the country.
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