Digital payments volume cross 1 Billion in Feb 2018 but decreased by 2% Month over Month.
In Feb 2018, digital payment volume was 1.0 billion and value was $1777 billion but it was decreased by 2% in terms volume and 0.1% in value as compared to Jan 2018. However, digital mode of payments is changing financial transaction landscape of India. After demonetization, a massive surge in digital transaction is seen. mWallet, Bharat QR, UPI, Debit/credit card are enhancing digital payment volume in India.