ALL >> Web-Design >> View Article
Digital Payments In India
Info graphic:
This is mainly supported by Ecommerce, Mobile Wallet Apps
Total Transaction Value-29000 million USD-2016 (Expected)
2014-18000 million USD
2015-21000 million USD
No of Users-2016-170 million
2015-120 million
2014-100 million
Expected to grow by 20% every year
95% of transactions is in Online B2C Commerce
Content:
Electronic payments whether Person to Person(P2P), or Person to Business (P2B), usually takes place through Online payments carried out through the medium of internet.
Substantial number of customers in banks is registering for internet banking facility and there has been considerable increase in the usage of the same for funds transfer through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS).
A Significant trend noted in this regard is the surge in the customers registered for mobile banking in recent years.
With this incremental increase in usage of digital payments has led to a huge transaction happening in the tune of 21000 million USD for the year 2015 in India ...
... and is expected to grow up to 29000 million USD in 2016.
This increase in transaction is due to large number of people’s interest to use payments conveniently. 120 million users were using digital payments such as mobile banking, online transfer and mobile wallet apps.
Add Comment
Web Design Articles
1. How To Pick Best Web Design Company In Mumbai? Factors Need To Be ConsideredAuthor: Hd99 Solutions
2. How Does Responsive Design Impact User Engagement And Seo
Author: By Mass Technologies LCC
3. 9 Biggest Social Media Marketing Trends To Look Out For In 2024
Author: Nivedita Infosystem LLP
4. Ux Design Tips For Real Estate Wordpress Websites
Author: Barry Elvis
5. What Is Website Development Services: Understanding The Process, Types, And Benefits
Author: Hd99 Solutions
6. How To Increase Html Website Speed?
Author: Tofique Khan
7. Elevating Your Online Presence: The Role Of A Professional Web Development Company
Author: Nivedita Infosystem LLP
8. The Impact Of User Experience (ux) Design On Website Performance And Customer Satisfaction
Author: JRC Marketing Solution
9. Which Is Worlds No1 Blockchain Development Company?
Author: jacksam0101
10. Expert Guide To Data Center Construction: Definition, Benefits & Developments
Author: sham bhau
11. Website Development Company India - Custom Wordpress Development India
Author: Hexagon info
12. Elevate Your Brand: Choose The Perfect Web Design Company
Author: Masswebsite
13. Finding The Best Website Development Company: A Comprehensive Guide
Author: By Mass Technologies LCC
14. Is Maryland's Best Web Design Company Right For Your Business Needs?
Author: Sara Matheu
15. Choosing The Best Web Design Company In India
Author: Techamsdigital