New Delhi, July 31: The digital payments market in India is set to become a trillion-dollar industry in the next five years, led by growth in mobile payments which are slated to rise to $190 billion by 2023 from $10 billion in 2017-18, the NITI Aayog said on Tuesday.

This would present huge business opportunities for players in the digital space, according to the NITI Aayog's "Digital Payment: Trends, Issues and Opportunities" report released on Tuesday.

According to the study, growth momentum of digital payments in volume and value sustained post demonetization with "spectacular growth" in new products like Unified Payments Interface (UPI).

Launching the report, NITI Aayog's Principal Advisor Ratan Watal said the proposed changes in the regulatory framework, entry of global giants and the advancement of technology will drive the future growth of digital payments in the country.

 

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Deir al-Balah, Nov 1: Israeli airstrikes on Friday killed at least 24 people in northeastern Lebanon, the country's news agency said, raising the death toll from eight there.

It was the latest deadly toll in the area since the conflict between Israel and the Lebanese group Hezbollah escalated last month.

Israel's military has said that its operation in Lebanon is targeting Hezbollah's military infrastructure.

Lebanon's state National news Agency reported four airstrikes in different villages across country's northeast, saying rescuers were still searching for survivors in Younine, a town in the Bekaa Valley, from the rubble of a targeted house.

Hussein Haj Hassan, a Lebanese lawmaker representing the region in Baalbek-Hermel region, said that 60,000 people have already fled their homes in the area due to Israeli bombardment.