RTGS trans­ac­tions top Rs 100 lakh cr

India Business Journal - - NEWS ROUND-UP -

Cus­tomer trans­ac­tions un­der real time gross set­tle­ment (RTGS) have crossed a record Rs 100 lakh crore for the first time ever, ac­cord­ing to the RBI. The RTGS trans­ac­tions stood at Rs 101.13 lakh crore in June 2018 com­pared to Rs 93.76 lakh crore in May 2018. The RTGS fig­ure is seen as an im­por­tant mile­stone in the jour­ney of mak­ing In­dia a cash­less econ­omy. It de­picts the rapid progress In­dia has made in the arena of dig­i­tal pay­ments.

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