<p>Since demonetisation in 2016, digital payments have risen across segments like RTGS, IMPS, card payments, and UPI in terms of volume and value of transactions.</p>.<p>However, RBI data shows that DeMo has probably had the exact opposite effect of what the government claimed it was meant to do – the growth rate of certain digital transactions like card payments, which was supposed to rise rapidly after DeMo, has in fact been falling over the years.</p>.<p><a href="https://www.deccanherald.com/business/economy-business/five-years-after-demonetisation-cash-is-still-king-and-stronger-1048581.html" target="_blank"><strong>Read More</strong></a></p>
<p>Since demonetisation in 2016, digital payments have risen across segments like RTGS, IMPS, card payments, and UPI in terms of volume and value of transactions.</p>.<p>However, RBI data shows that DeMo has probably had the exact opposite effect of what the government claimed it was meant to do – the growth rate of certain digital transactions like card payments, which was supposed to rise rapidly after DeMo, has in fact been falling over the years.</p>.<p><a href="https://www.deccanherald.com/business/economy-business/five-years-after-demonetisation-cash-is-still-king-and-stronger-1048581.html" target="_blank"><strong>Read More</strong></a></p>
