This is for the transactions taking place between June and July 2016, although there was a 1.59% increase in the total number of Mobile Money IDs. The transaction volumes grew on a monthly basis to 35.90 mn from 33.45 mn transactions while the amount transacted increased by 3.14% on a monthly basis to Rs 26,662.9 Cr. The average transaction amount decreased by 3.90% on a monthly basis to Rs 7,426.6.

IMPS sees a 7.32% growth in the total transactions

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