Create asset-lite infrastructure for digital payments, cash-lite society: Worldline
Updated:5 years, 11 months ago
New Delhi, Dec 01 (ANI): Three years after demonetisation and despite government's efforts to drive digital payments in India, more than 90 per cent of transactions are still made through cash, according to a new report by European payment services provider Worldline. In tier three and below cities, a case can be made that all transactions are made through cash. But the number of transactions done on mobile wallets in this quarter of this year was 104 crore, an increase of just five per cent over Q3 of the previous year.
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