According to a survey conducted by Rakuten Insight, a large majority of Indian respondents of all age groups used e-payment methods due to its convenience as of October 2022. However, only around 37 percent of respondents aged 55 years and above felt that e-payment methods were more secure than cash payment in the south Asian country.
Reasons for using e-payment methods in India in 2022, by age group
Characteristic
16 to 24 years
25 to 34 years
35 to 44 years
45 to 54 years
55 years and above
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Rakuten Insight. (December 29, 2022). Reasons for using e-payment methods in India in 2022, by age group [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1106334/india-reasons-for-using-e-payment-services-by-age-group/
Rakuten Insight. "Reasons for using e-payment methods in India in 2022, by age group." Chart. December 29, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1106334/india-reasons-for-using-e-payment-services-by-age-group/
Rakuten Insight. (2022). Reasons for using e-payment methods in India in 2022, by age group. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1106334/india-reasons-for-using-e-payment-services-by-age-group/
Rakuten Insight. "Reasons for Using E-payment Methods in India in 2022, by Age Group." Statista, Statista Inc., 29 Dec 2022, https://www.statista.com/statistics/1106334/india-reasons-for-using-e-payment-services-by-age-group/
Rakuten Insight, Reasons for using e-payment methods in India in 2022, by age group Statista, https://www.statista.com/statistics/1106334/india-reasons-for-using-e-payment-services-by-age-group/ (last visited July 22, 2024)
Reasons for using e-payment methods in India in 2022, by age group [Graph], Rakuten Insight, December 29, 2022. [Online]. Available: https://www.statista.com/statistics/1106334/india-reasons-for-using-e-payment-services-by-age-group/