A new World Payment Report stated that the initiatives of the government and the National Payments Corporation of India (NPCI) will help non-cash transactions grow at a compound annual growth rate of 26.2 percent during 2016 to 2020.
The World Payment Report 2017 was jointly commissioned by Capgemini and BNP Paribas. The report is about digital payments and transactions all around the world and their progress. According to the report, India could potentially make its way into the global top 10 markets in terms of non-cash transaction volumes.
Important Takeaways from Above News-
- Shri B. Sambamurthy is the Interim Chairman of NPCI.
Source- AIR World Service