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New Delhi. The pandemic Covid-19 has forced the digitalisation of the Indian economy to gain a fast pace. Due to the changing situations, banks also prefer online transactions. New technologies to secure the increasing online transfers are being developed.
It is predicted that by 2023, the total amount of digital transactions would be ₹20 lakh crore. In a report published by Accenture, digital payments would rise by 66.6 arab and the payment of 270 Arab Dollars will move towards net banking and cards.
The most crucial reason for this is the pandemic that has insisted banks also to move towards digitalisation.