From Cash to Cashless: How India Leads the World in Digital Payments

How India Leads the World in Digital Payment

India Tops Global Digital Payments with 89.5 Million Transactions in 2022. 46% of all real-time payments made worldwide were in India.

[{"selector":"#anim-d78f2b65-aa2b-49f9-a38d-0c0cfd5e9674","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7f83546-1e57-40e2-be9c-0d79def1853c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d586c339-c345-4961-b936-be5e9a0bd477","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78f80d61-f5bf-4c44-be40-1a4a2c1ee3f2","keyframes":{"transform":["translate3d(0px, 141.23458%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Brazil (29.2M) & China (17.6M) follow India in digital transactions. Thailand (16.5M) & South Korea (8M) also make significant contributions.

[{"selector":"#anim-99e5eceb-2cf6-4d45-a120-7a2a6882657d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-97f4ea47-ebe8-4596-972a-7695b2fd748d","keyframes":{"transform":["translate3d(0px, 144.01235%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7343bb29-e017-4c3f-b616-cae505e795be","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b80f6072-8eb9-43ef-8218-e5d7e1220dc0","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

MeitY promotes digital payments with incentives. MyGovIndia empowers citizens to contribute at grassroots level for Surajya.

[{"selector":"#anim-84aea558-7321-4afa-b455-15c800485d0a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e56e568-f09b-4423-8d58-0f0ca6e246ab","keyframes":{"transform":["translate3d(0px, 178.81483%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5cc12023-0f87-4175-9aa7-f21ef251aef9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4df49a86-a57b-4a0c-86f5-bd73591107fe","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-177a69a0-52b8-41ec-a3ef-3fa58e6d1717","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf65dff3-58b4-4627-8939-b1a11fa178d0","keyframes":{"transform":["translate3d(0px, 1097.31724%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

India is #1 in digital payments. Cheapest mobile data, rural economy transforming, boosting commerce and economy.

[{"selector":"#anim-13ae6514-20c8-4d4d-bfee-d854f0994a8c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1713f853-bbd2-4501-90d5-b7231b679a53","keyframes":{"transform":["translate3d(0px, 159.48152%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f548f78f-0127-4074-b7fd-537a7780eaa8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c4b4a640-a8b8-4340-9639-fac8bd11779a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ac0dbc10-0d1e-406c-8ac0-90a9305360a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44eb4b74-1798-4402-855c-b3e60ac84a8f","keyframes":{"transform":["translate3d(0px, 1049.04146%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

IMF praises India's digital infrastructure and its lessons for other countries. 'India Stack' includes Aadhar, UPI, and Digilocker, providing online, cashless access.

[{"selector":"#anim-5e8f8e71-9eee-4ac6-a34f-f8cbb1e3c79a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce27467b-720c-4082-87ab-11f7f90c1213","keyframes":{"transform":["translate3d(0px, 142.01058%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-912f8694-032b-44eb-8138-3893ee69f4a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b2154d6d-1b81-4671-9a54-836a57a9438f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Digital payments improve quality of life, financial inclusion, and economy.

[{"selector":"#anim-d0dfdb61-9e64-4b78-a6e5-63faa5d6a7b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-687adefd-c938-44b0-8cf2-8869555b4758","keyframes":{"transform":["translate3d(0px, 342.94643%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6fee60c9-6982-49d5-8322-5ac77c0463f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f2c68fc3-7107-438a-929a-01be05b59d8e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

How India Leads the World in Digital Payment