Demonetisation has boosted the digital platforms for payment. The National Payments Corporation's RuPay card usage at merchant terminals has surged seven times since 8th of November, taking the daily volumes to over 2.1 million.The RBI-administered retail umbrella body for all retail payment is targeting a daily volume of 5 million transactions through RuPay cards by next December.On 8th of November, the Government demonetised high value notes worth over Rs 20.51 trillion notes, or 86 per cent of the currency in circulation.
News On AIR | December 28, 2016 12:41 AM
RuPay card usage at PoS terminals surges 7 times after demonetisation