New Delhi: The cases of corona infection are continuously increasing in India too and due to this, fear is also increasing among the people. Due to this fear, people are now reducing the use of currency notes and are using digital payments. Paytm said in a statement that there has been a tremendous boom in digital payments, as most people are working from home to prevent the spread of the coronavirus and are avoiding getting out of the house and touching notes.
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A Paytm spokesperson said, "We are seeing a 20% increase in digital payments compared to normal days." Since February, the number of consumers visiting the Paytm app and in terms of per consumer has also increased. The statement said, "There has been a tremendous jump in repeat transactions like petrol pumps and payment among others. More people are giving importance to Paytm than cash."
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It is noteworthy that Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday asked banks to promote the use of digital payments. According to experts, there has been a decline in the transactions of many digital payment companies, as Paytm has attracted more people in the country in the last one month. According to news agency IANS, Paytm has gone ahead in terms of digital payments with a merchant base of 1.6 million.
