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Over 8000 cr digital payment transactions reported during current fiscal: Govt

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New Delhi: The government has said that more than eight thousand crore digital payment transactions have been reported in the country during the current financial year. Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar said this in a written reply to a question in Rajya Sabha on Friday. He said, over the years, the digital payment transactions have grown multifold from over two thousand crore in 2017-18 to over five thousand crore in 2020-21.

Mr Chandrasekhar said, BHIM-UPI has emerged as the preferred payment mode of the citizens and has achieved a record of 452 crore digital payment transactions with the value of eight lakh 27 thousand crore rupees till February this year.

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