Digital payment transactions jump to 244 cr in Aug 2018

The number of digital payment transactions in India touched 244.81 crore in August 2018, more than three-fold rise from October 2016, underlining the massive adoption of digital payment modes over the last two years.   The statement by the Ministry of Electronics and Information Technology said in New Delhi that New payment modes, BHIM-UPI, AePS and NETC have transformed digital payment ecosystem by increasing Person to Person (P2P) as well as Person to Merchant (P2M) payments.   It said the num...