Industry Analysis Vittarth

Digital Payments Industry


Indian Digital Payments Industry currently stands at INR 2,153 Trillion and is expected to grow at 27% CAGR to reach INR 7,092 Trillion. India is seeing a second wave of digital payments adoption after demonetization led by a huge surge in smartphones-based payments solutions.

The Payments Industry has identified select technologies such as NFC, QR Code and tokenization for new solutions in a post-pandemic world where thrust is towards contactless payments. With RBI’s new set of QR code rules, India’s payments landscape is set to alter. This post takes a look at the Digital payments Industry in India

#nibmpune #vittarth #digitalpayments #rbi #upi #rupay #digitalindia

Credits:  Yashvi Gupta , Naveen Kumar

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