Digital Payments

Indians Use Mix of Foreign and Homegrown Digital Payments

In India, payments through Noida-based Paytm and U.S. brand Google Pay were equally popular among survey respondents, with around three quarters of online payment customers saying they had used them in the 12 months prior to the survey. This is according to Statista Consumer Insights. The research was only carried out among those respondents who were digital payment customers.

Further down the list Amazon Pay and PayPal are rubbing shoulders with Bengaluru's PhonePe (now owned by Walmart), government-supported BHIM and MobiKwik, which hails from Gurgaon. Only 21 of digital payment users said they were using MobiKwik, however, and even fewer, 19 percent, were customers of RazorPay, which is also based in Bengaluru and supported by U.S. backers like Sequoia and Y Combinator.

Description

This chart shows the share of Indian respondents who said they had used the following online payment brands (survey among digital payment customers).

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Growth score for digital payment in India 2017-2023
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RBI's digital payment index India 2018-2023
Most well-known digital payment brands in the United States 2023
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Transaction volume of digital payment methods in Malaysia 2019-2023, by segment
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Transaction value of digital payment methods in Malaysia 2023, by segment

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