Key Insights on India's Retail Digital Payments Landscape

Sunday, 14 July 2024, 12:35

The latest study 'How Urban India Pays' projects a significant growth in retail digital payments, with 90% of respondents favoring digital transactions. The Unified Payments Interface (UPI) emerges as a major catalyst with a remarkable CAGR of 138% in transaction volumes from FY18 to FY24. This signals a profound shift towards digital payment methods in the retail sector, indicating a promising trajectory for the future.
Outlookindia
Key Insights on India's Retail Digital Payments Landscape

Key Insights on India's Retail Digital Payments:

The study 'How Urban India Pays' indicates a robust growth in digital transactions

  • 90% preference for digital payments
  • UPI demonstrates a staggering CAGR of 138%

This underscores a significant shift towards digital payment adoption

Conclusion:

The rise of digital payment methods in India's retail sector signifies a promising future trajectory.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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