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Digital Transactions will increase to 20 Lakh Crores by 2023

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...

Digital Transactions will increase to 20 Lakh Crores by 2023 Overview

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.

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HC Ajmera
HC Ajmera

The Udaipur Mirror Editorial Bureau is an independent newsroom comprising financial analysts, investigative reporters, and regional correspondents based in Udaipur, Rajasthan. The bureau provides data-driven coverage of Indian IPOs, Dalal Street market movements, Rajasthan infrastructure, and Mewar architectural heritage, adhering strictly to SEBI compliance norms and the Press Council of India code of ethics.

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