Spike of 240 Mn mobile-based digital payment transactions in June, Reveals RBI
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The Covid-19 pandemic has led to an increase in the digital payments ecosystem. As per the data revealed by RBI, a total of 1.66 Bn transactions worth INR 5.99 lakh Cr were done via mobile-based banking and payment application in June which has increased from the transactions that happened in February. In February, 1.42 Bn transactions of INR 5.25 lakh Cr were processed. The apex bank initiated tracking this data from July 2011.