are around 700 million debit cards out of which only 50 million cards are used for purchases in India. Around 400-500 million cards are used to only withdraw cash. Photo: Ramesh Pathania/Mint
New Delhi: Digital transaction figures at government agencies have gone up by almost five times in the last two years, a government official said.
“The number of digital transactions in 2014 was 270 crore per year, it was 640 crore per year in 2015 and the figure as on 14 December is 1,000 crore transactions per year,” said Aruna Sundararajan,secretary, IT ministry, at the 46th SKOCH Summit.
“The number of investment proposals in electronics have increased by around nine times in the last few years… India has been recently recognised by United Nations as the nation showing maximum increase in e-participation; this is a clear indicator of our digital readiness,” she added.
The need to bring together physical and digital infrastructure was discussed extensively during the event. The speakers present at the summit acknowledged that e-infrastructure is still a big challenge.
Porush Singh, country corporate officer, India, Mastercard, said, “There are around 700 million debit cards out of which only 50 million cards are used for purchases. Around 400-500 million cards are used to only withdraw cash.”
“There are around 14 lakh card acceptance points whereas there are 2 lakh ATMs in the country. We should encourage people to make more digital transactions,” he said.
Highlighting the benefits of digitisation to telecom sector, the Telecom Regulatory Authority of India(TRAI) chairman R.S.Sharma said, “eKYC in telecom will alone help save Rs10,000 crore per annum. India is the only country in the world to offer on-demand eSign services.”
Other members present during the session were Sameer Kochhar, chairman of Skoch group; J.K. Dadoo, additional secretary and financial advisor, ministry of commerce and industry; Abhijit Tannu, chief technology officer,Seclore Technolgy, and Gulshan Rai, national cybersecurity coordinator, Prime Minister’s Office.