NPCI looks at USD 1 trillion worth of transactions through UPI on annual basis

The NPCI chief said there is a large number of merchants who are accepting digital payments, including the smaller merchants, which is well over 50 million. "However, I still believe that 10X growth is possible. The cash in circulation is about Rs 30 lakh crore. While it has been increasing constantly, digital payments are also increasing, even as the cash is still high," he said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ikRPgC