Digital transactions show signs of rising

The total value of IMPS transactions in September 2016 was at Rs 28,912 cr

Digital transactions are showing some stickiness, as indicated by the representative data of a select few large banks, published daily with a lag of a week, and by the transactions published with a two-month lag. 

Digital transactions peaked in December 2016, just after demonetisation was announced. Since then, transactions seem to have come down a little. However, compared with the pre-demonetisation period, digital transactions have taken off substantially. 

For this analysis, Business Standard took a look at some key indicators — Immediate Payments Service (IMPS), which allows payments on a real-time basis through computers or mobile phones; card (debit and credit) usage