Numbers speak: Digital payment volumes down 10%, reveals RBI data

Digital payments were 10.2 per cent lower by volume and 7 per cent lower by value in January 2017 against December 2016, according to representative data released by the Reserve Bank of India (RBI).

  

The number of digital transactions fell from 1,027.7 million in December to 922.9 million in January. In value terms, the number declined from Rs 105.4 lakh crore in December to Rs 98 lakh crore in January. This data included transactions on credit and debit cards, electronic fund transfers, digital wallets and mobile banking transactions. 

RBI started releasing representative data on payment systems on a daily basis since