Friday, 30 December 2016

Phenomenal growth in digital payments post note ban

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Making a pitch for cashless transactions, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today said there has been a phenomenal growth of about 25 per cent in digital payments for buying petroleum products at petrol pumps across the country post demonetisation. Cashless transactions used to be 10 per cent of sales before the withdrawal of 1000 and 500 rupee currency notes, and now it has come to about 25 per cent in the country, Pradhan said at a function organised here to create awareness among customers on cashless payments. The growth of digital payments in petrol and diesel sale in Kerala comes to around 20 per cent.

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