“India’s Digital payments to grow three-fold in 2017”
(The digital payments market is expected to grow to five million electronic point of sale (PoS) machines in 2017)
The infrastructure of digital payments in India is expected to increase three-fold by the end of 2017 with almost five million electronic point of sale (PoS) machines,use of PoS machines in the country has already doubled since the government’s demonetization move. India had about 1.5 million electronic PoS (machines) last year. In the last four months since demonetization, this number has doubled and today three million PoS users in the country.”
As India moving towards cashless economy, become a part of the drive,
*Add the picture of last year digital transaction with this article.
*Sources: Reserve Bank of India, Ministry of Information & Electronics, NCPI & Ministry of Finance.