File image of RBI Governor Shaktikanta Das, who mentioned that India accounts for 40% of all digital funds on this planet
| Photo Credit: ANI
Reserve Bank of India Governor Shaktikanta Das mentioned on Monday that digital transactions in India have grown 90-fold in 12 years.
Mr. Das was talking on the RBI headquarters in Mumbai throughout the central financial institution’s Digital Payments Awareness Week programme.
The RBI chief went on to notice that India accounts for 40% of all digital funds on this planet, and that UPI transactions now account for 80% of all digital funds in India.
“In 2012-13, there were 162 crore digital payments. This number has grown to 14,726 crore in 2023-24 till February,” he sid.
Source: www.thehindu.com
