Moneycontrol PRO

business

Shifting to digital payment can save India Rs 4.7 lakh cr: Visa

In an interview with CNBC-TV18's Kevin Lee, Visa Group Country Manager TR Ramachandran said that India can reduce its cost of cash to 1.3 percent of GDP by 2025 from the current 1.7 percent and save around Rs 4.7 lakh crore by shifting to more digital means of payment.

first published: Oct 6, 2016 10:41 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347