India leads the world in digital payments, accounting for 46% of all real-time payments made globally in 2022, according to MyGovIndia.
According to data sourced from MyGovIndia, India has emerged as the leader in digital payments among five countries, with a staggering 89.5 million transactions in 2022.
India is set to account for a staggering 46% of the world’s real-time payments in 2022, according to recent data from MyGovIndia. Furthermore, digital payment transactions in India are reported to surpass those of the other top four countries combined.
Brazil secured the second spot on the list with a total of 29.2 million transactions, while China followed closely with 17.6 million transactions.
According to data from MyGovIndia, Thailand has secured the fourth spot with 16.5 million digital transactions, while South Korea follows closely behind with 8 million worth of transactions.
MyGovIndia is a platform for citizen engagement that has been established by the Government of India. It provides individuals with the chance to contribute at the grassroots level and share their ideas in order to work towards Surajya.
According to Prime Minister Narendra Modi, earlier this year, India has secured the top position in digital payments and witnessed a significant transformation in its rural economy.
India has emerged as the top country in digital payments. India is among the nations where mobile data is available at the most affordable rates. The Prime Minister announced that the rural economy of the country is currently undergoing a transformation.
According to experts from the Reserve Bank of India, India’s payment ecosystem and acceptance have demonstrated their strength through the achievement of new milestones in both value and volume terms within the realm of digital payments.
