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LATEST NEWS UPDATES | Post demonetisation 95% of ATMs re-calibrated, but only 35% of them functioning -Khushboo Narayan

Post demonetisation 95% of ATMs re-calibrated, but only 35% of them functioning -Khushboo Narayan

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published Published on Dec 8, 2016   modified Modified on Dec 8, 2016
-The Indian Express

India’s largest public sector bank, the State Bank of India, has also seen a jump in PoS transactions from 3.5 lakh to 11 lakh a day with more people using debitcards.

Mumbai:
One month into demonetisation, there has been a significant increase in digital payments.

Accordingto AP Hota, managing director and chief executive of the National Payments Corporation of India (NPCI), transactions through RuPay point of sale (PoS) machines have increased five times from 3 lakh to 15 lakh per day. RuPay e-commerce transactions have also increased from 1.5 lakhto 3 lakh per day. “IMPS transactions have seen a significant rise from1 million to 2 million per day, while UPI transactions have increased from 10,000 to 45,000 a day since demonetisation,” said Hota.

India’slargest public sector bank, the State Bank of India, has also seen a jump in PoS transactions from 3.5 lakh to 11 lakh a day with more peopleusing debit cards. SBI’s App-Buddy has seen a rise in the number of newregistrations with at least 50,000 registrations a day.

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The Indian Express, 8 December, 2016, http://indianexpress.com/article/business/banking-and-finance/atm-recalibrated-demonetisation-sbi-cash-less-economy-4416022/


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