Highlights
• The Prime Minister praised the growing popularity of online payments
• Digital transactions worth 20,000 crores are now taking place daily in our country
• PM Modi about a unique ‘Cashless Day Out’ experiment by citizens.
In the latest episode of his monthly ‘Mann Ki Baat’ programme, Prime Minister Narendra Modi lauded the “incredible expansion” of India’s online transaction footprints. He also encouraged his audience to try a “cashless day out” by only accepting digital payments.
small online payments are aiding in the development of a large digital economy in India
According to the prime minister, digital transactions worth 20,000 crores are now taking place in the country daily, which he claims is not only increasing facilities but also encouraging an environment of honesty.” Your experiences can serve as an inspiration to others in the country,” he said on “Mann Ki Baat.”
The Prime Minister also stated that small online payments are aiding in the development of a large digital economy in India. Furthermore, he emphasised the emergence of numerous new fintech start-ups.
He also praised the growing popularity of online payments, noting that “now, digital transactions worth 20,000 crores are taking place in our country on a daily basis.”
“UPI (Unified Payments Interface) transactions even reached 10 lakh crore in March,”
The prime minister stated that this was not only increasing facilities in the country but also encouraging an environment of honesty.
The National Payments Corporation of India developed the Unified Payments Interface, an instant real-time payment system that facilitates inter-bank peer-to-peer and person-to-merchant transactions.
Mann Ki Baat’ is a monthly radio show in which he discusses new topics in each episode. It is broadcast at 11 a.m. on the last Sunday of each month on the state-run All India Radio and Doordarshan television channel. Mann Ki Baat is also streamed live on all of PM Modi’s and the PMO’s social media platforms.
