A new World Payment Report said that the initiatives of the government and the National Payments Council of India (NPCI) will help non-cash transactions grow at a compound annual growth rate of 26.2 per cent during 2016 to 2020. <br/><br/>The World Payment Report 2017 was jointly commissioned by Capgemini and BNP Paribas. The report is about digital payments and transactions all around the world and their progress. <br/><br/>Quoting NPCI, the report said India is expected to witness a six-fold growth in digital transactions to reach 25 billion transactions during 2017-18, up from 4 billion in 2015-16. According to the report, India could potentially make its way into the global top 10 markets in terms of non-cash transaction volumes. <br/>