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Digital transactions on the decline since March, after demonetisation rush

Transactions post demonetisation stood at 114.96 cr in Jan, about 101.18 cr in Feb

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digital payments

Press Trust of India New Delhi
The number of digital transactions, which grew significantly in the aftermath of demonetisation last year, has started showing a declining trend since March 2017, according to official data.

The number of digital transactions has come down from 119.07 crore in March 2017 to 118.01 crore in April and further to 111.45 crore in May, P P Chaudhary, Minister of State for Electronics and IT, said in a written reply in the Lok Sabha.

The number of digital transactions was only at 71.27 crore in October 2016. It went up to 83.48 crore in November 2016 and shot up to 123.46 crore in

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