 "UPI, Mobile payments, BHIM, digital payment,")
Electronics payments for the month of August grew moderately, with mobile banking and wallet transactions showing the strongest growth, according to the data released by the Reserve Bank of India (RBI).
Mobile banking volume for August grew 7 per cent to 365.79 million, but the value dropped marginally to Rs 2,069.27 billion.
Mobile wallet transactions for August stood at 340.65 million in volume and Rs 155.73 billion in value, against 325.18 million and Rs 152.02 billion, respectively, in July. This was a rise of 5 per cent in volume and 2 per cent in value.
However, Unified Payments Interface transaction volume in August
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