News
COVID-19 Second Wave Takes a Toll on Digital Payments
Source: Money Control
Digital payment transactions have fallen sharply between April and May after sustaining a rising trend till March, hit by the second wave of COVID-19 pandemic, according to the National Payments Corporation of India (NPCI) data.
The fall is most visible in Immediate Payment Service (IMPS) and Unified Payments Interface (UPI) payments. Between April and May 2021, the volume of transactions over the IMPS dropped 13.4 percent while that of UPI fell 4.21 percent.
About this News Item
Published
Latest from Our Blog
View all blog posts
Combating Financial Abuse With a Vigorous Battle Plan
There are three key lessons we can apply from the Smart Campaign’s experience with consumer protection.
Magnifying the Power of Women’s Savings Groups
VisionFund has been exploring how formal loans to savings groups can help overcome capital constraints and improve members’ resilience.
From Outcomes to Impact
Strong outcomes management systems can help financial service providers make the right decisions for their customers and help strengthen their social and environmental objectives in a more sustainable way.