Digital payments up 55% last year, 28% in 5 years before it
Digital payments in India increased by 55% in the 2016-17 fiscal due to demonetisation, NITI Aayog's principal advisor Ratan P Watal said on Monday. The increase in the previous five years before that was 28%, as compared to the 55% last year alone. He added that innovations in digital payment technologies and customer satisfaction will help continue the growth.