Recommended statistics Market overview Infrastructure Key payment methods Fintech players Consumer opinionKey insights Volume of digital payments in India Leading digital payment method Leading fintech unicorn startup Get more insights Report on the topic Top Seller Explore this report Related to...
The usage trend has become exponential in the last 15 months across the digital payment methods (DPMs) in India. Government of India is promoting this landmark change of Indian financial system through Digital India initiative. Both national and international corporates, established as well as start...
Until a decade ago, it was unlikely that purchasing almost anything without cash would become possible in India. India has always been a cash-dependent country, with cash transactions being the primary payment mode among buyers and sellers across the country. Even though it is still the case fo...
Over the past decade, India’s central bank—the Reserve Bank of India (RBI)—has become one of the most proactive regulators in the world, advancing the digitization of payments and financial services at a rapid pace. Aadhaar, the country’s pioneering digital ID system, and UPI, its real...
Digitalization is making India a smart country, Now even a small vendor is opting for digital payment methods which is making India a digital country. As it is beneficial in many fields it also has a drawback which is cybercrime so to avoid this type of crime people should have knowledge ...
Added to this the adoption of technology in the banking sector has made a remarkable advancement in the service quality of the banks in India. Now bank customers are availing their banking services through internet banking, ATM services and further it has added one more feather to its services...
With the shift to digital currency, India could find a practical and pervasive solution to these issues. By their very nature, digital payment methods are more technical and organised than physical currency. This means that every payment leaves behind a paper trail that can be easily traced back...
it is Psychological. Digital payment methods are mostly linked to bank accounts, and this is a country where for generations rural customers have not found banking operations convenient. Proving a concept in Bangalore does not mean that it will work in Kolhui Bazaar. India is full of Ko...
When it comes to digital payments, China is certainly a world leader both in the areas of online shopping and paying at brick-and-mortar stores, cafés and restaurants. Data from Statista's Consumer Insights shows that Alipay and WeChat Pay are the most popular digital payment platforms among...
Payments Volume of digital payments in India FY 2024, by mode Payments Most used in-store (POS) payment methods in the U.S. 2017-2023, with 2027 forecast Recommended statistics Penetration rates Mobile wallets Contactless, NFC payments Mobile money Instant payments QR codes Cryptocurrency Future te...