Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Mon, Jan 21, 2019 | Last Updated 2:37 am IST

Menu &Sections

Search

Telangana State highest in the country in digital transactions

Telangana State highest in the country in digital transactions
Telangana State highest in the country in digital transactions
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Hyderabad sources have stated that digital transactions in India hit 1.1 billion in January but lag way behind the government’s target of 26 billion by this fiscal end (2017-18). According to this trend is being attributed to people switching back to cash transactions, where the two Telugu states top the country in digital transactions. The second highest in the country is bagged by Andhra Pradesh, at 1,839 digital transactions for every 1,000 persons.



Meanwhile other states which recorded higher digital transactions for every 1,000 persons were Himachal Pradesh (1,532) and Gujarat (1,053. The country-wide average digital transactions for every 1,000 persons were recorded at 23,872. Further according to provisional data released by the Reserve Bank of India, digital payment transactions increased in volume by 4.73% to 1.11 billion in January from 1.06 billion in December. 

Telangana State highest in the country in digital transactions

However, only 14.8 billion digital transactions were undertaken across India from 1 April 2017 to January 2018. Moreover to promote digital transactions, the Centre announced in December 2017 that it will bear the MDR (Merchant Discount Rate) charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems.

Telangana State highest in the country in digital transactions

Telangana State highest in the country in digital transactions
5/ 5 - (1 votes)
Add To Favourite
More from author
CM Chandrababu Naidu unveiled NTR statue
Hyderabad Police booked 12 Websites for publishing defamatory article
GHMC shelving its plan to revise property tax rates
Again old rupee notes in Chennai!
World's first genetically modified child!
Edappadi checks food quality!
Will DMK intervene in Mekedatu project?
Prakash Raj to contest election as an Independent from Bengaluru-Central constituency
Religion politics have not fared well in the South
Paytm's New Feature adds benefit to Partner Merchants
Deepika Padukone titled World's Most Beautiful Bride
Amazon's New Year Sale delivery makes Record!!!
Lord Vishnu statue carved from a monolithic block reached Singarapettai
Jio New Year Offer recharges done between December 28, 2018, to January 31, 2019
437 CCTV Cameras installed in Chennai, Kilpauk Jurisdiction
High Court Justice orders 37 ISPs to block 12,000 Websites
Trump cancelled his own participation in Davos, citing row over his proposed wall
Telangana & AP extended time limit for interstate transfers
Trump coming out with reforms giving H-1B visa holders certainty to stay in US
SC appoints Ombudsman for Hardik & Rahul comments
Rakesh Asthana ousted from CBI!
TASMAC surpasses Petta!
Congress MP's trolls Amit and gets criticism!
World's top four Richest Celebrity list with their individual net worth
RBI Governor to cut Interest Rates
PhonePe seen a remarkable growth in 2018 in offline business
Vijayashanthi questions Why TRS shows fake statements
SC orders protection for counterfeit travelers in Sabarimala issue
Boxing Legend Muhammad Ali name for US Airport
Reliance Jio Net Profit jumped to 65%
Arun Jaitley to increase Income Tax Slabs Tax Rate
Ola Money Postpaid offers a 15 day credit line to passengers
Chill breeze to prolong for 4 days in Tamilnadu
DMK Chief MK Stalin to attend Mamata Banerjee's Party meet on January 19
Low cost Airline Scoot to adds 3 new South Indian cities
Telangana new Assembly session begins with new Speaker
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.