Wed. Aug 5th, 2020

People using digital payments instead currency notes: Coronavirus

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New Delhi, Mar 18 (HS): Amid the increasing threat of coronavirus, the people are opting for online transactions and digital including Paytm, google pay, Bhim UPI etc.

According to an official statement issued by the Paytm, there has been a massive boom in digital payments, as most people are working from home to prevent the spread of the coronavirus and are avoiding getting out of the house and touching cash.

A Paytm spokesperson said, “We are seeing a 20 percent increase in digital payments compared to regular days. Since February, the number of users visiting the Paytm app and in terms of per-user has also increased.”

Significantly, the RBI Governor Shaktikanta Das on Monday asked banks to encourage the use of digital payments.