Friday, 24 March, 2023

Digital payments will account for 71.7% of all transactions by 2025: Report

<p>Digital payments will account for a 71.7 % share of all transactions in India by 2025, said a report by ACI Worldwide, a provider of payment solutions to enterprises. The rest (28.3%) will be by cash and cheques. The report claimed that in 2020 India was ahead of China with 25.5 bn real-time payments transactions, compared to Beijing&#39;s 15.7 bn. In 2020, instant payments accounted for 15.6 %, electronic payments 22.9 % and cash and cheques 61.4 %, the report said.</p>