[Stats] Growth in Digital Payments Post Demonetisation

According to the government data, the number of daily transactions through e-wallet services such as Oxigen, Paytm and MobiKwik has shot up from 17 lakh — recorded on November 8 when demonetisation was announced — to 63 lakh as on December 7 (a growth of 271%). In terms of value, the surge has been 267%, from Rs 52 crore daily to Rs 191 crore now.

Transactions through RuPay Cards (e-commerce and point-of-sale) were up 316% at 16 lakh daily (3.85 lakh on November 8), while in terms of value the growth has been 503% at Rs 236 crore (Rs 39 crore). The government, however, did not provide a break-up of transactions conducted in urban and rural/semi-urban areas.

UPI and USSD based digital payments soared to 1196% and 1202% respectively.

Source – Times of India

0 comments… add one

Leave a Comment