The quantity of debit card transactions was 110 crore whereas the worth stood at Rs 1.91 lakh crore.
New Delhi:
Digital transactions within the nation throughout January to March interval stood at 93.7 crore in quantity phrases and Rs 131 lakh crore in worth phrases, Worldline India mentioned on Thursday.
The complete variety of debit playing cards on the finish of first quarter of calendar 12 months totalled 89.8 crore whereas bank cards numbered 6.2 crore. The point-of-sale terminals had been 47.2 lakh.
The quantity of debit card transactions was 110 crore whereas the worth stood at Rs 1.91 lakh crore. On the opposite hand, the amount of bank card transactions stood at 52.4 crore and their worth stood at Rs 1.97 lakh crore.
Mobile primarily based funds quantity totalled 832 crore with worth of Rs 31.9 lakh crore. Of these, transactions of cell wallets totalled 113 crore with worth of Rs 41,175 crore.
Unified Payments Interface (UPI) witnessed over 273 crore transactions in March and breached Rs 5 lakh crore by way of worth.
The Reserve Bank of India (RBI) in its annual report 2020-21 mentioned digital fee methods recorded a strong development of 26.2 per cent by way of quantity on high of the growth of 44.2 per cent within the earlier 12 months.
“This clearly indicates the growing confidence among consumers towards digital payments not only in tier one and two cities but also in tier three and beyond,” mentioned Deepak Chandnani, Managing Director of Worldline South Asia and Middle East.
“Although the restrictions on the movement of people and persistent lockdowns may have compelled people to adopt digital payment modes, the convenience, transparency and security of digital payments will ensure customer stickiness in the years to come.”
