As many as 100 million digital transactions were being recorded daily in the country against 120 million reported before the coronavirus outbreak, said P Vasudevan, chief general manager, department of payments and settlement systems at the Reserve Bank of India.He also spoke about geo tagging payments, saying it will shed light on areas seeing rapid adoption of payments and locations that were falling behind. It will enable the RBI to focus attention on certain geographies for popularising digital payments.The banker also highlighted the need to generate more awareness about online frauds. Though in India the level of fraud was not alarming, initiatives like the centralised fraud registry, he added, would help track real time data and also keep the industry informed of the kinds Cheap Jerseys free shipping of crime being committed.First Published on Jul 22, 2020 03:16 pmtags Digital Payments fintech India RBI startupsMust ListenCoronavirus Essential podcast Ahmedabad COVID 19 hospital fire claims 8 lives; New drug shows dramatic results for critical patients.
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