• October 28, 2021

New Delhi, June 18, 2020.

India shifted to online transactions in a big way after the 2016 demonetisation decision that shook the nation. 

Now, a report has revealed that in 2019, mobile payments done by apps, account to account transfers etc in India rose by 163 percent, amounting to $287 billion in 2019. 

People shifted to UPI based payment methods and cards switched from being a medium to withdraw cash to being a medium to directly transact at stores.

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