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Nandan Nilekani Says 15-20% Consumption Expenditure Will Be Digital In 1 Year

Nandan Nilekani Says 15-20% Consumption Expenditure Will Be Digital In 1 Year

Friday, January 20, 2017, 3:33 PM

Nandan Nilekani, former chairman of Unique Identification Authority of India (UIDAI), said that around 15-20% of India’s personal consumption expenditure, will become digital in the next one year from current levels of just 5%. The use of new digital payment systems like BHIM, UPI, USSD, Aadhar micro ATM, Aadhar merchant pay, will reduce cash in the economy and increase cash in the banking system.
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