India poised to become largest digital market with rapid expansion of mobile and internet network: Piyush Goyal
"This can be leveraged to make fintech hub," he said addressing, Global FinTech Fest, on Thursday.
NPCI looks at USD 1 trillion worth of transactions through UPI on annual basisThe NPCI chief said there is a large number of merchants who are accepting digital payments, including the smaller merchants, which is well over 50 million. "However, I still believe that 10X growth is possible. The cash in circulation is about Rs 30 lakh crore. While it has been increasing constantly, digital payments are also increasing, even as the cash is still high," he said.
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