During the course of 2020, digital payment transactions sky-rocketed with flagship platforms of the National Payments Corporation of India (NPCI) hitting record highs every month. In our report, we have highlighted the major trends across the payments platforms and the companies that provide payments services.
The report charts out how digital payments has grown in India across:
• Unified Payments Interface
• Debit and Credit cards
• Prepaid Payments Instruments and M-Wallets
• Payments Banks
• Mobile Banking
• Other RBI or NPCI-operated platforms
While most of the data in the report is for the full calendar year of 2020, data for payments banks, mobile banking transactions, credit and debit cards is only available until October 2020 at the time of the report's publication. The data has been sourced from the Reserve Bank of India and National Payments Corporation of India.