India is better than most of the world in the adoption of Fintech or automated financial services. “India’s adoption rate is 87 per cent as against the global average rate of 64 per cent, which establishes the fact that India is a prime destination for digital payments and activities,” said Union Finance Minister Nirmala Sitharaman. Digital payments have seen a tremendous growth from Rs 2 lakh crore worth of digital transactions in 2019 to Rs 4 lakh crore in 2020. January to August 2021 saw further momentum, clocking Rs 6 lakh crore worth of digital transactions.
Related Articles
Honor Sardar Patel, don’t forget Gandhi and Nehru
“It is quite confusing for an ordinary Indian to figure out the motivation for the Prime Minister to honor a devoted Congressman and freedom fighter who is a Gujarati ahead of another great leader from […]
Be the first to comment