Oct 21, 2016

How India is going cashless, in five charts | VCCircle

More and more Indians are preferring to make cashless transactions, be it through debit or credit cards, Internet banking or Prepaid Payment Instruments (PPIs) such as mobile wallets. Data available with the Reserve Bank of India (RBI) show that the number of transactions through PPIs such as Paytm, FreeCharge and MobiKwik has risen to 748 million in 2015-16, an increase of 11 times in three...

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