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1/n @FortuneMagazine recently covered the growth of #digitalpayments in India over the past few months.
Highlights from their article below
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Use of #digitalpayments is soaring for everything frm groceries, electricity bills & cab fares
Highlights from their article below
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Use of #digitalpayments is soaring for everything frm groceries, electricity bills & cab fares
2/n The total value of #UPI txns reached an all time high last month as ppl turn to digital platforms to overcome physical limitations imposed by the lockdown in India
Ppl who have never paid a bill or bought groceries online are now embracing it
Ppl who have never paid a bill or bought groceries online are now embracing it
3/n
The pandemic has accelerated the rate of adoption of our homegrown payment technology.
3/4th of Indian consumers reported greater use of digital payments since the virus outbreak, & 78% expect to continue increasing their use in the next 6 months
The pandemic has accelerated the rate of adoption of our homegrown payment technology.
3/4th of Indian consumers reported greater use of digital payments since the virus outbreak, & 78% expect to continue increasing their use in the next 6 months
4/n
India’s #digitalpayments per capita has grown more than 5x since 2015, to 22.4 transactions in the year ended March 2019.
However we still have some work to do to reach Indians without bank accounts or internet access
India’s #digitalpayments per capita has grown more than 5x since 2015, to 22.4 transactions in the year ended March 2019.
However we still have some work to do to reach Indians without bank accounts or internet access
Thanks to @RahulSanghi1 for putting this together!
