Currency in circulation during Diwali dips 2nd time straight in 20 yrs
Dip attributed to changing payment system, including the emergence of UPI, wallets & QR code, which has made it simple and cheaper to transfer money digitally
Dip attributed to changing payment system, including the emergence of UPI, wallets & QR code, which has made it simple and cheaper to transfer money digitally
In terms of merchant transactions, UPI P2M emerged as the preferred payment mode, with a market share of 34% in volume and 17% in terms of value, says the Worldline’s India Digital Payment report.
Financial inclusion: Kerala tops the list with a score of 90.9; Bihar ranks at the bottom with 38.5.
According to a report by American consumer credit reporting agency TransUnion, the highest percentage of suspected digital fraudulent transactions originated from Mumbai, Delhi, and Chennai.