Digital transactions worth about Rs. 20,000 crore taking place in India daily

Digital transactions worth about Rs. 20,000 crore taking place in India daily

April 25, 2022

Modi urges people to share  experience related to digital payments

New Delhi: In his monthly ‘Mann Ki Baat‘ radio broadcast yesterday,  Prime Minister Narendra Modi said that BHIM UPI has rapidly become a part of our economy and habits.

“Now, even in small towns and in most villages people are transacting through UPI itself. A culture is also evolving in the country through Digital Economy,” he said.

“In the small street shops digital payment has made it easy to serve more and more customers. Now they don’t even have a problem of loose change. You must also feel the convenience of UPI in everyday life. Wherever you go… carrying cash, going to the bank, finding an ATM… the hassle is now over,” he said.

At present digital transactions worth about Rs. 20,000 crore are taking place in India every day, he said adding “Last March, UPI transactions reached around Rs. 10 lakh crore.”

“Due to this, convenience is also increasing in the country and an atmosphere of honesty is also being created,” he said and urged people who have any experience related to digital payments and the startup ecosystem to share it with others.

“Your experiences can be a source of inspiration for others in the country,” he said.

In his remarks, PM Modi noted that just like in sports, ‘divyangjan’ are doing wonders in arts, academics and many other fields. “With the power of technology, they are achieving greater heights,” he said.

The PM urged people to take all Covid-related precautions in view of upcoming festivals in May.


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