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Description

The government is backing technologies such as UPI, RuPay, DigiLocker, eKYC to help promote digital transactions, increase its adoption in smaller cities, as well we to drive innovation in this space. In the Budget 2023-24, it was declared that in 2022, digital payments showed an increase of 76% in transactions and 91% in value. Futher it was announced that fiscal support of 1,500 Cr for this digital public infrastructure will continue in 2023-24.