GOVERNMENT OF INDIA

MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY

LOK SABHA

UNSTARRED QUESTION NO. 1094

TO BE ANSWERED ON: 08.02.2017

CASH LESS TRANSACTIONS 

1094 : SHRI ANANT KUMAR HEGDE:

Will the Minister of ELECTRONICS AND INFORMATION TECHNOLOGY be pleased to state: -

(a) whether after the implementation of Government Policy on cashless transactions in the country, the business of many private sector companies has increased:

(b) if so, the names of these companies and number out of them that are foreign companies;

(c) whether cases of economic frauds committed by companies have come to light; and

(d) if so, the details thereof and the action taken by the Government in this regard?

ANSWER

MINISTER OF STATE FOR ELECTRONICS AND INFORMATION TECHNOLOGY

(SHRI P. P. CHAUDHARY) 

(a) and (b): Based on the data available, there has been significant growth in various modes of digital payments. The percentage growth for different modes of digital payments between 8th Nov 2017 and 3rd Feb 2017 in number of digital payment transactions per day is below

Mode           % Growth Transactions

UPI (Including BHIM & USSD 2.0) 4453

USSD 1.0 9871

Immediate Payment System (IMPS) 66

RuPay (PoS+Ecom) 268

Aadhaar Enabled Payment System (AEPS) 792

Wallets 260

However no specific study has been done to assess the growth of business of individual banks or companies.

(c) and (d): As per the information reported to and tracked by Indian Computer Emergency Response Team (CERT-In) a total number of 1122, 534 and 757 phishing incidents were handled during the year 2014, 2015 and 2016 respectively.

Indian Computer Emergency Response Team (CERT-In) under Ministry of Electronics and Information Technology has published 17 advisories for security safeguarding covering Point-of-Sale (PoS), Micro ATMs, Electronic Wallets, Online banking, Smart phones, Unified payment interface, wireless access points/routers, Mobile banking and cloud.