India's E-payment volumes soar 34% in 2002-03

The volume of E-payments in India has increased by 34% in the financial year 2002-03, Business Standard reported. At a seminar on smart card technology and its applications, R Gandhi, chief general manager of the Reserve Bank of India, said, "During 2002-03, the volume of transactions through cheque payments stood at 82.53 per cent, while that via e-payments was 17.47 per cent.

Source: Business Standard

Electronic payments (e-payments) are on the rise. More and more people are paying utility bi

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