- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
India Open Competition in Shotgun, organised by the National Rifle Association of India (N
- Hockey India names Amir Ali-led 20-man team for Junior Asia Cup
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
584% jump in digital transactions since demonetisation Last Updated : 31 Mar 2017 06:14:15 AM IST 584% jump in digital transactions
There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday.
"There has been a phenomenal 584 per cent increase (0.3 to 4.5 million) in transactions made through the Unified Payments Interface (UPI) since demonetisation. In the same period, payments using Adhaar have also seen an unprecedented jump of 1352 per cent (0.7 to 2.7 million)," a NITI Aayog press release said.
The government is also keen to increase transactions through digital payment methods to 25 billion this year to reduce black money and fight shadow economy, it said.
"Today around eight billion transactions take place annually through digital payment methods. The government is planning to increase this to 25 billion transactions in the current year to bring an end to the shadow economy by reducing black money flowing into the system," it said.The release said that more than 14 lakh consumers and 77,000 merchants have been rewarded Rs 226 crore for embracing digital payments under the two incentive schemes -- Lucky Grahak Yojana and DigiDhan Vyapar Yojana -- which were launched by the Aayog on December 25 last year.
It said that Rs 226,45,40,000 (over Rs 2.26 billion) -- Rs. 176,95,40,000 to consumers and Rs. 49,50,00,000 to merchants -- has already been disbursed so far under the two schemes and the winners are from various walks of life and diverse age and economic backgrounds.
The DigiDhan Melas are being organised in 100 cities as part of the government's initiative to popularise digital payments.
"Over 5,000 financial institutions have reached 15 lakh citizens through the melas and at least 16,000 government and private institutions have been declared cashles," the release said.
It said 100 days of the DigiDhan melas will end with a mega draw on April 14.
It said the BHIM App launched by Prime Minister Narendra Modi on December 30 last year has been downloaded a record 18 million times.
There also has been an increase of nearly 13 per cent in the number of PoS (Point of Sale) machines sold since October 2016, indicating that more merchants are willingly accepting digital payments, the release said.
It said there are 15,000 daily winners qualifying for total prize money of Rs 1.5 crore every day under the schemes.
In addition, there are over 14,000 weekly winners qualifying for total prize money of over Rs 8.3 crore every week.IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186