New government data shows that digital spending in India have continued to soar since the government 's demonetisation last month . Transactions through RuPay Cards were up 316 % and rate of growth increased by 503 % . The value of daily transactions through e - wallet ##s such as Oxigen , visa and MobiKwik , grew 271 % with a 267 % growth in value . The growth of digital spending is expected to remain strong as the overall market expands , rising to 15 - 20 % of the $ 1.3tn consumer consumption total , equivalent to $ 350bn .
New government data shows that digital payments in India have continued to soar since the government's demonetisation last month. Transactions through RuPay Cards were up 316% and value of growth increased by 503%. The number of daily transactions through e-wallet services such as Oxigen, Paytm and MobiKwik, grew 271% with a 267% growth in value. The growth of digital spending is expected to remain strong as the overall market expands, rising to 15-20% of the $1.3tn consumer consumption total, equivalent to $350bn.