Predictions are that nine out of 10 e-commerce vendors in India will offer buy now, pay later on their website come 2024. This is according to a survey held in early 2022, asking e-commerce professionals on which payment method they are already offering and which ones they hope to either add or not add in the future. Noticeable for India is the substantial share of respondents who indicated they offer bank transfers in 2022. Cryptocurrency also features in this list, but one should take note that this survey was held during the height of the crypto popularity in early 2022. Additionally, the source does not clarify whether merchants would like accept direct payments with Bitcoin or whether this involved a third-party payment aggregator.
Current and future implementation of selected digital payments in e-commerce in India as of February 2022
third-party panelists worldwide; Commerce professionals that held a director or higher leadership role; Professionals from B2B, B2C, and B2B2C companies across North America, Latin America, Asia Pacific, Japan, and Europe
Method of interview
Online panel
Supplementary notes
Percentage points missing to or exceeding 100 percent are probably due to rounding.
The source adds that respondents did not provide information on the exact number of respondents per country.
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Salesforce Research. (July 27, 2022). Current and future implementation of selected digital payments in e-commerce in India as of February 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1372494/implementation-plans-of-digital-payment-types-india/
Salesforce Research. "Current and future implementation of selected digital payments in e-commerce in India as of February 2022." Chart. July 27, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1372494/implementation-plans-of-digital-payment-types-india/
Salesforce Research. (2022). Current and future implementation of selected digital payments in e-commerce in India as of February 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1372494/implementation-plans-of-digital-payment-types-india/
Salesforce Research. "Current and Future Implementation of Selected Digital Payments in E-commerce in India as of February 2022." Statista, Statista Inc., 27 Jul 2022, https://www.statista.com/statistics/1372494/implementation-plans-of-digital-payment-types-india/
Salesforce Research, Current and future implementation of selected digital payments in e-commerce in India as of February 2022 Statista, https://www.statista.com/statistics/1372494/implementation-plans-of-digital-payment-types-india/ (last visited November 21, 2024)
Current and future implementation of selected digital payments in e-commerce in India as of February 2022 [Graph], Salesforce Research, July 27, 2022. [Online]. Available: https://www.statista.com/statistics/1372494/implementation-plans-of-digital-payment-types-india/
