UPI transactions at retail stores in semi-urban and rural areas have risen by 33% this year, highlighting the rapid adoption of digital payments.
Insurance policy purchases and premium collections in rural and semi-urban areas witnessed a 127% surge, with new customer adoption growing by 96%.
There has been a remarkable 297% volume rise in credit products in rural and semi-urban areas, including business loans, gold loans, personal loans, and revolving credit.
Micro ATM and Aadhaar Enabled Payment Systems cash withdrawals saw a decline in 2024, but AePS withdrawals surged 35-45% during DBT releases.