According to data shared by the Ministry of Electronics and Information Technology, an average of 28.4 crores of digital transactions are completed in a day.
“India is today the world leader in digital payments in particular and also becoming a preeminent country in using technology to improve the lives of citizens. Governance – The Indian stack and other digital government solutions are making now the envy of the nations of the world and digital is leading India thanks to the vision of Prime Minister Narendra Modi Ji,” Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in the statement.
Over Rs 24.8 lakh crore has been transferred through Direct Benefit Transfer (DBT) mode since 2013, Rs 6.3 lakh crore in the financial year 2021-22 alone; on average, more than 90 lakh of DBT payments are processed daily according to FY22 data, the statement said.
When it comes to digital payments, more than 8,840 crore digital payment transactions were made in 2021-22 and nearly 3,300 crore in FY23 to July 24, 2022.
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“This success story of India in creating digital assets (DBT, JAM, NPCI, etc.) can be an example that not only ‘developing’ but also ‘developed’ countries can learn from,” the statement said.