Live
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
- DMHO starts awareness campaign on Malaria
- World Intellectual Property Day 2024: Date, History, Significance, and Everything You Need to Know
Digital transactions on rise
As per recently released data by the Reserve Bank of India (RBI), digital transactions (payment cards, wallets, mobile banking etc) in our country have increased by 50 per cent in the past two years, according to Visa Group Country Manager for India and South Asia TR Ramachandran
Vijayawada: As per recently released data by the Reserve Bank of India (RBI), digital transactions (payment cards, wallets, mobile banking etc) in our country have increased by 50 per cent in the past two years, according to Visa Group Country Manager for India and South Asia TR Ramachandran.
In a release on Tuesday, he said that while the rapid penetration of e-Commerce and mobile technology has complemented this change, there has been a growing preference among Indians in metro cities and mini metros alike to pay using debit cards.
He said that the circulation of debit cards in the country has increased by nearly 25 per cent in the past two years, resulting in gradual increase in PoS-based debit card use for daily as well as discretionary purchases.
