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GlobalData, a leading data and analytics company, in its report, said the acceptance and growing popularity is mainly due to the government’s focussed efforts on digital payment methods, like unified payments interface (UPI).
The Trend of digital payments in the country has grown
UPI has become a popular choice for payment among many people as a result of the government's drive for digital payments.
SPONSORED | Mastercard New Payments Index 2022 finds that 97% of local consumers are likely to use a digital payment method in the next year
Indians are among the most open in the Asia-Pacific region to using emerging digital payment methods, with 93% consumers likely to have used at least one mode of digital payment in the past year, showed a new survey commissioned by Mastercard.