India dominates digital payment landscape; tops list of five countries
New Delhi , June 10: India with 89.5 million digital transactions in 2022 has topped the list of five countries in digital payments, according to data from MyGovIndia.
As per the data, India in 2022 accounted for 46 per cent of the global real-time payments and digital payment transactions in India are more than the other four leading countries combined. "India keeps dominating the digital payment landscape! With innovative solutions and widespread adoption, we're leading the way towards a cashless economy. #9YearsOfTechForGrowth #9YearsOfSeva@GoI_MeitY@AshwiniVaishnaw@Rajeev_GoI@alkesh12sharma @_DigitalIndia," tweeted MyGovIndia.
Second on the list is Brazil which amounted to 29.2 million transactions, followed by China with 17.6 million transactions. On number 4 is Thailand with 16.5 million digital transactions followed by South Korea with 8 million worth of transactions, the data from MyGovIndia has stated.
MyGovIndia is a Citizen engagement platform of the Government of India, giving people the opportunity to work towards Surajya with their ideas and grass root level of contribution.
Earlier this year, Prime Minister Narendra Modi said India was number one in digital payments and that the country's rural economy was transforming.
"India is number one in digital payments. India is one of the countries where mobile data is the cheapest. Today, the country's rural economy is transforming," the PM said.
In digital payments, India has been witnessing new milestones, in both value and volume terms, which indicate the robustness of India's payment ecosystem and acceptance, as per RBI experts.
- PTC NEWS
