India is better than most of the world in the adoption of Fintech or automated financial services. “India’s adoption rate is 87 per cent as against the global average rate of 64 per cent, which establishes the fact that India is a prime destination for digital payments and activities,” said Union Finance Minister Nirmala Sitharaman. Digital payments have seen a tremendous growth from Rs 2 lakh crore worth of digital transactions in 2019 to Rs 4 lakh crore in 2020. January to August 2021 saw further momentum, clocking Rs 6 lakh crore worth of digital transactions.
Other News
IAGS Annual Event organized
India Association of Garden State (IAGS) presented 41st Annual Day Event on Dec 9th, 2017 at Royal Albert’s Palace, Edison NJ
Featured
Annihilating North Korea: Trump in a China shop
US President Donald Trump lived up to his reputation as America’s most volatile and impulsive President ever during his maiden address to the UN General Assembly. Even the most clairvoyant analyst would not have predicted […]
World
Four more officials held after Libya flood disaster
BENGHAZI (TIP): Libya’s prosecutor general has ordered the arrest of four more officials, bringing to 12 the number held as part of an inquiry into this month’s flood that killed thousands. Flooding caused by hurricane-strength […]
Be the first to comment