"12 Billion": S Jaishankar Puts Figure To India's Cashless Payments
NDTV
"very month, Indians make 10-12 billion cashless payments. In contrast, the US makes 4 billion cashless payments in an entire year," S Jaishankar said
Highlighting the country's growth in cashless payments, External Affairs Minister S Jaishankar said many countries sit with India to discuss digital infrastructure "which has become our identity in the world". Upto 12 billion cashless payments are made every month in the country, he said.
"There are many countries, where when we are done talking our business, they sit with us to discuss our Digital Infrastructure. This has become India's identity in the world... Every month, Indians make 10-12 billion cashless payments. In contrast, the US makes 4 billion cashless payments in an entire year," Mr Jaishankar said while addressing a public meeting in Sambalpur.
"What is the meaning of the digital infrastructure? One is, we all make payments through mobile phones. It has become our habit. Four-five years ago, we had a doubt about the link between the mobile and the money. There was also fear that something might happen once the payment is done," he added.