AMN
Government has said that the compound annual growth rate of digital transaction has gone up by fifty per cent. Electronics and Information Technology Ministry said, the number of digital transactions has increased from one thousand 85 crore rupees in 2016-17 to five thousand 554 crore in 2020-21.
Recognizing the importance of a cashless economy, the government announced setting up of DigiDhan Mission with a target of two thousand 500 crore digital payment transactions during the Financial Year 2017-18 through Unified Payment Interface, Unstructured Supplementary Service Data, Aadhaar Pay, Immediate Payment Service and Debit cards. The Ministry said, as a result of coordinated efforts of all stakeholders, the number of digital transactions has increased manifolds as of now. In the last financial year, the mission was given a target of five thousand 500 crore digital payment transactions, which it has surpassed achieving five thousand 554 crore transactions.