Digital transaction has crossed 1billion mark in December

For Indian digital payments industry, 2017 ended on a high note as digital transactions in the country has reached 1.06 billion, first time crossing 1 billion marks since demonetization. All kind of digital payments includes debit cards, credit cards, internet banking, prepaid payment instruments, UPI, and unstructured supplementary service data. In last 12 months, UPI based transactions went through a massive 7000% increase.