The digital payments industry in India was estimated to reach a whopping seven quadrillion Indian rupees by financial year 2025. This was an increase from only 823 trillion in fiscal year 2015. Apart from the digital adoption as a result of the coronavirus (COVID-19) pandemic, the government's initiatives had propelled digitization in the country.
Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025
(in trillion Indian rupees)
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Redseer. (September 30, 2020). Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025 (in trillion Indian rupees) [Graph]. In Statista. Retrieved October 01, 2024, from https://www.statista.com/statistics/1191201/india-value-of-digital-payments-market/
Redseer. "Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025 (in trillion Indian rupees)." Chart. September 30, 2020. Statista. Accessed October 01, 2024. https://www.statista.com/statistics/1191201/india-value-of-digital-payments-market/
Redseer. (2020). Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025 (in trillion Indian rupees). Statista. Statista Inc.. Accessed: October 01, 2024. https://www.statista.com/statistics/1191201/india-value-of-digital-payments-market/
Redseer. "Digital Payments Market Value across India in Financial Year 2015 and 2020, with An Estimate for 2025 (in Trillion Indian Rupees)." Statista, Statista Inc., 30 Sep 2020, https://www.statista.com/statistics/1191201/india-value-of-digital-payments-market/
Redseer, Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/1191201/india-value-of-digital-payments-market/ (last visited October 01, 2024)
Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025 (in trillion Indian rupees) [Graph], Redseer, September 30, 2020. [Online]. Available: https://www.statista.com/statistics/1191201/india-value-of-digital-payments-market/