Principal Advisor to NITI Aayog launched a booklet titled ‘Digital Payment: Trends, Issues and Opportunities’. This is the 2nd annual edition of the booklet which was first published in 2017.
Summary findings of report:
- Post demonetisation, the growth in digital payment gained momentum in both volume and value terms.
- Future drivers of growth of digital payments in the country:
- Growth in mobile payments are slated to rise to $190 billion by 2023 from $10 billion in 2017-18
- Proposed changes in the regulatory framework as per Watal Committee Report
- Entry of global giants
- Advancement of technology; Growth of New Products like unified Payment interface (UPI)
- This will present huge business opportunities for players in the digital space.
Do you know?
NITI Aayog has also initiated a short-term course on Digital Payments in collaboration with HRD Ministry under the Global Initiative of Academic Networks (GIAN) Scheme.
It was held at Mangalore University in July 2018.
