India's Digital Payments Surge 5-fold In 6 Years, Over 40% of Transactions Now Cashless | N18V
Sixty percent of consumer expenditure is still cash based as of March 2024. But its share is declining rapidly post COVID. The share of digital more than doubled in three years from 14-19 percent in March 2021 to 40 to 48 percent in March 2024, a study by an RBI economist showed.
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