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Surge in digital payments continues in July as consumers stay at home


Although there are some liabilities defined for stakeholders in the digital payment ecosystem, they are not enough

With physical distancing norms remaining in focus amidst the Covid-19 pandemic, digital transactions touched a new high in July.

Data released by National Payments Corporation of India revealed that the Unified Payments Interface (UPI) touched a new high with 149.73 crore transactions processed and touched ₹2.9 lakh crore in volume.

It had already touched a record high of 133.69 crore transactions worth ₹2.61 lakh crore in June.

Payments through the Immediate Payments Service (IMPS) platform also reached a new ...


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