Digital Transactions In India Cross $100 Billion

From: According to data from the National Payments Corporation of India (NPCI), the value of transactions done using the Unified Payments Interface (UPI) crossed $100 billion in a single month for the first time in October.

India's Digital India Movement is reaching its destination. In the country, as of last October 2021, digital transactions have crossed $100 billion. All kinds of questions are being raised on social media by tagging those criticizing the government on this achievement in digital transactions.

Questions being asked to Chidambaram on social media

Twitter user Akhilesh Mishra has questioned what Congress leader P. Chidambaram, who questioned India's digital payments ambition, will say now as digital transactions cross $100 billion in India. Where are the other Congress veterans who used to raise questions?

Akhilesh Mishra, CEO of Bluecraft Digital Foundation said that NCP MP Supriya Sule had questioned how digital would work in India? Now they should be seen.

He has also attacked Shashi Tharoor. Along with this, Rahul Gandhi and Congress have also answered the questions raised regarding digital payments.

He said that in 2011, China used to do four times more digital transactions but in 2018 we surpassed it. In 2020 we made one and a half times from China and in 2021 we doubled from China. He said that if P.Chidambaram had made the policy, then you think what would have happened to this country.

India's Transactions Cross $100 Billion

According to data from the National Payments Corporation of India (NPCI), the value of transactions done using the Unified Payments Interface (UPI) crossed $100 billion in a single month for the first time in October. There were 4.2 billion UPI transactions worth Rs 7.71 lakh crore (about $103 billion) in the month. This marks the highest level of a five-year-old payment channel.

In September, UPI had recorded 3.6 billion transactions worth Rs 6.5 lakh crore. This means that in October the number of transactions increased by 15% and the value of transactions increased by 18.5%. The number and value of UPI transactions have more than doubled from this time last year.

The boom in October has been driven by rising demand for online shopping amid festive season sales. The growth was also aided by the gradual reopening of the economy since the fall of the second wave. For More Updates- NewsAid Newsaid.In