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Sign in to searchSmall value retail digital payments on the rise: RBI report
The article highlights the rapid rise of small-value retail digital payments in India, as reported by the Reserve Bank of India (RBI) in its Report on Trend and Progress of Banking in India, 2024–25. During 2024–25, digital payments grew by 17.9% in value terms and now account for 97.6% of total payments in the country. In contrast, paper-b
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RBI report reveals small-value digital payments surging 35% in volume, with UPI leading retail transactions and cheques declining to 2.4% of payments.
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