This statistic represents the value of digital transactions across India as of February 1, 2017, based on channel. Real-time gross settlements had the highest value with about 77.5 trillion Indian rupees, while unstructured supplementary service data had the lowest value with about 380 million rupees during the measured time period.
On November 8, 2016, the government announced demonetization of all 500 and 1,000 Indian rupee banknotes attempting to crack down on illicit and counterfeit cash that was allegedly funding illegal activity and terrorism. This led to weeks of cash shortages, creating a significant disruption in the Indian economy.
Value of digital payment transactions across India as of February 1, 2017, by channel
(in trillion Indian rupees)
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Business Standard. (February 7, 2017). Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard. "Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees)." Chart. February 7, 2017. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard. (2017). Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard. "Value of Digital Payment Transactions across India as of February 1, 2017, by Channel (in Trillion Indian Rupees)." Statista, Statista Inc., 7 Feb 2017, https://www.statista.com/statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard, Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees) Statista, https://www.statista.com/statistics/732110/digital-payment-transactions-value-by-channel-india/ (last visited December 23, 2024)
Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees) [Graph], Business Standard, February 7, 2017. [Online]. Available: https://www.statista.com/statistics/732110/digital-payment-transactions-value-by-channel-india/
