For many citizens living in rural areas, cash is still the bedrock of daily existence because of a lack of facilities.
The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.
A customer can make bill payments and can do digital transactions by using the YONO cash feature.
PCI said digital payments in India have received quite high interest from various investors, both domestic and international.
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