#ANINews ’20 Billion transactions every month’: PM Modi lauds India’s leadership in digital transactions

’20 Billion transactions every month’: PM Modi lauds India’s leadership in digital transactions
At the Global Fintech Fest at Jio World Centre in Mumbai, Prime Minister Narendra Modi said, “India has made this democratic spirit a strong pillar of governance… India has shown that technology is not just a tool of convenience but also a means of equality. This inclusive approach has transformed our banking system. What was once a privilege has now become a medium of empowerment through digital technology… Today, digital payment is a part of everyday life. The credit for this goes to the JAM Trinity (Jan Dhan, Aadhaar and Mobile). Just look at the transactions under the UPA. Today, 20 billion transactions are taking place every month. Their value exceeds 25 trillion rupees, or 25 lakh crore rupees. Today, out of every 100 real-time digital transactions in the world, 50 take place in India alone…”

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