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The Digital Drive

The Digital Drive

The push for less cash and more digital is delivering in many sectors

Graphics by Tanmoy Chakraborty Graphics by Tanmoy Chakraborty

The push for less cash and more digital is delivering in many sectors. Three years after it was launched, transactions on the Unified Payments Interface (UPI) crossed the five billion mark in FY19, exceeding debit card transactions. The total retail electronic clearing during the year stood at 12.5 billion transactions worth Rs 267 lakh crore.