Total digital payment transactions volume increases from 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 per cent: MoS Finance https://www.taxtmi.com/news?id=27082 Digital payment systems have experienced sustained compound growth in transaction volume, supported by coordination between the Government, the Reserve Bank and payments infrastructure entities. The expansion covers wholesale RTGS settlement and a range of retail products including UPI, NEFT, IMPS, card payments, prepaid instruments, NACH, AePS, BHIM Aadhaar Pay and NETC. Policy and operational measures target access, convenience and security through conversational UPI, offline UPI, broader e-RUPI use, RuPay credit card linkage to UPI and Interoperable Card-less Cash Withdrawal at ATMs. en-us Tue, 19 Dec 2023 18:52:06 +0530 Tue, 19 Dec 2023 18:52:06 +0530 TaxTMI RSS Generator Total digital payment transactions volume increases from 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 per cent: MoS Finance https://www.taxtmi.com/news?id=27082 Digital payment systems have experienced sustained compound growth in transaction volume, supported by coordination between the Government, the Reserve Bank and payments infrastructure entities. The expansion covers wholesale RTGS settlement and a range of retail products including UPI, NEFT, IMPS, card payments, prepaid instruments, NACH, AePS, BHIM Aadhaar Pay and NETC. Policy and operational measures target access, convenience and security through conversational UPI, offline UPI, broader e-RUPI use, RuPay credit card linkage to UPI and Interoperable Card-less Cash Withdrawal at ATMs. News - Tue, 19 Dec 2023 18:52:06 +0530 https://www.taxtmi.com/news?id=27082