Key Points
Hi, this is Pratik Bhakta in Bengaluru, and in todays edition of Unwrapped, Im going to talk about how cash is rapidly losing its share in consumers day-to-day transactions...
It is predicted that in the next three years, merchant payments through cash in India will be less than 50%...
Total digital payments would jump to $10 trillion by then, he said.. Clearly, UPI and government-backed incentives have worked as a force multiplier in India...
The recently released Internet in India Report by industry body IAMAI and analytics firm Kantar found that 338 million Indians use digital payments, and almost all of them 99% are UPI users...
Pine Labs, PharmEasy face markdowns by Neuberger Berman as tech valuations tumble: Funds managed by New York-based investment management firm Neuberger Berman have marked down the valuation of the shares they hold in fintech company Pine Labs by 38% and online pharmacy PharmEasys parent API Holdings by 21%, according to filings made with the US Securities and Exchange Commission..
You might be interested in
India leads global digital payments with 89.5 million transactions in 2022: MyGovIndia data
10, Jun, 23In 2022, India accounted for 46% of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
India tops digital payments rankings globally, shows MyGovIndia data
10, Jun, 23During the year under review, there were 89.5 million digital transactions in the country. India accounted for 46 per cent of the global real-time payments in 2022, which was more than the combined digital payments the next four top countries.
India tops world ranking in digital payments with record-breaking transactions: MyGovIndia data
10, Jun, 23As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.