In addition to UPI which was introduced recently, several other modes have been introduced by NPCI.
Growth Drivers for Digital Payments
In 2017-18, the volume segment in Digital Payments is dominated by Debit Cards, PPIs and IMPS. These, together constitute close to 50 % of the total volume of Digital Payments. Their combined share in 2011-12 was ~ 14%. The Value segment in Digital Payments is dominated by RTGS and NEFT. These together constitute ~ 53 % of the total value of Digital Payments, which is almost same as in 2011-12
Authorized Payment Service Regulation
Digital Payments Service Charges
What are the major policy initiatives taken to promote Digital Payments in India?
In Union Budget 2017-18, major policy announcements were made by the Finance Minister for promoting Digital Payments.
Related Articles
Verifying, please be patient.