Despite the massive surge in digital payments across the country, cash continues to hold a strong position in India's payment ecosystem, accounting for nearly half of all transactions.
Vikas Bansal, CEO of Amazon Pay India, highlighted the rapid growth and widespread adoption of digital payments across the country, noting a major shift in consumer behaviour toward cashless transactions.
Mumbai (Maharashtra) [India], June 5 (ANI): The Reserve Bank of India (RBI) said on Friday it is creating a Payments Infrastructure Development Fund to push digital payments across the country.