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Digital transactions go down with more cash coming into the system

Digital transactions go down with more cash coming into the system

Monday, April 3, 2017, 9:30 PM

Digital payments, which saw a huge jump post demonetisation is seeing some form of correction in transaction numbers and value of payments for the third month in a row in 2017. All major forms of digital payments, IMPS along with mobile wallets and plastic cards, have seen a reduction in transaction numbers. Plastic cards have slumped to 190.1 million from 212.3 million transactions.
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