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Digital transactions via UPI see 584% jump since demonetisation

Digital transactions via UPI see 584% jump since demonetisation

Friday, March 31, 2017, 11:31 AM

There has been an increase of 584% in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday. The government is also keen to increase transactions through digital payment methods to 25 billion this year to reduce black money and fight shadow economy, it said.
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