According to a survey conducted by Rakuten Insight, a large share of respondents between 16 to 54 years of age stated to have frequently used some form of e-payment method as of February 2020. Around 30 percent of respondents between 16 to 34 years of age stated that they used electronic payment methods everyday, whereas only six percent of respondents who were 55 years or older used e-payment methods daily in the south Asian country.
Frequency of using e-payment services by Indians in 2020, 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. (March 12, 2020). Frequency of using e-payment services by Indians in 2020, by age group [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1106597/india-frequency-of-e-payment-transactions-by-age-group/
Rakuten Insight. "Frequency of using e-payment services by Indians in 2020, by age group." Chart. March 12, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1106597/india-frequency-of-e-payment-transactions-by-age-group/
Rakuten Insight. (2020). Frequency of using e-payment services by Indians in 2020, by age group. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1106597/india-frequency-of-e-payment-transactions-by-age-group/
Rakuten Insight. "Frequency of Using E-payment Services by Indians in 2020, by Age Group." Statista, Statista Inc., 12 Mar 2020, https://www.statista.com/statistics/1106597/india-frequency-of-e-payment-transactions-by-age-group/
Rakuten Insight, Frequency of using e-payment services by Indians in 2020, by age group Statista, https://www.statista.com/statistics/1106597/india-frequency-of-e-payment-transactions-by-age-group/ (last visited July 22, 2024)
Frequency of using e-payment services by Indians in 2020, by age group [Graph], Rakuten Insight, March 12, 2020. [Online]. Available: https://www.statista.com/statistics/1106597/india-frequency-of-e-payment-transactions-by-age-group/