Digital payments in India to supersede cash by 2022: Report
Digital payments in India will supersede cash and non-digital payments by 2022, according to a report by International Data Corporation. The contribution of digital payment instruments such as mobile banking is reportedly expected to grow from 32% in 2013-14 to 62% in 2017-18. In November, National Payments Corporation of India said digital transactions spiked 770 times since demonetisation.