Digital transactions to touch Rs4 crore per day in 2017: Ravi Shankar Prasad

To encourage digital transactions, Ravi Shankar Prasad said the number of common service centres will be increased to 2.5 lakh from current 2 lakh by the end of 2017


With growing number of e-transactions, Ravi Shankar Prasad said there is a dilemma how to strike a balance between maintaining privacy of data and at the same time using it for providing better service. Photo: Hemant Mishra/Mint
With growing number of e-transactions, Ravi Shankar Prasad said there is a dilemma how to strike a balance between maintaining privacy of data and at the same time using it for providing better service. Photo: Hemant Mishra/Mint

New Delhi: Digital transaction is growing and is expected to increase by 33% to Rs4 crore per day this year, information technology (IT) minister Ravi Shankar Prasad said on Wednesday.

“Digital transaction was Rs1.85 crore per day in 2015. It was Rs3 crore per day in 2016. It will be Rs4 crore this year,” Prasad said while addressing an event organised to commemorate the World Consumer Rights Day in New Delhi.

To encourage e-transaction, he said more common service centres (CSC) will be set up for payment of utility bills through debit or credit cards. “We have set up 2 lakh CSC. We will take (the number) to 2.5 lakh this year,” he added.

With growing number of e-transactions, Prasad said there is a dilemma how to strike a balance between maintaining privacy of data and at the same time using it for providing better service.

He was speaking on the theme ‘Consumer rights in a digital age’. Consumer affairs minister Ram Vilas Paswan, minister of state for consumer affairs C.R. Choudhary, consumer affairs secretary Hem Pande, Nasscom president R. Chandrashekar were among others present at the event.

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