India tops world ranking in digital payments in 2022, leaves behind THESE countries including China

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India tops world ranking in digital payments in 2022, leaves behind THESE countries including China


Image Source : TWITTER/INDIA TV India tops world ranking in digital payments in 2022

Digital India: A modern knowledge from MyGovIndia steered that India has topped the listing of 5 countries in digital payments, with 89.5 million digital transactions in the yr 2022. As per the information, India in the yr 2022 accounted for 46 per cent of the worldwide real-time payments, including that the digital fee transactions in India are greater than the opposite 4 main countries mixed.

“India keeps dominating the digital payment landscape! With innovative solutions and widespread adoption, we’re leading the way towards a cashless econom,” tweeted MyGovIndia.

Brazil is 2nd on the listing adopted by China

Second, on the listing is Brazil which amounted to 29.2 million transactions adopted by China with 17.6 million transactions. On quantity 4 is Thailand with 16.5 million digital transactions adopted by South Korea with 8 million price of transactions, the information from MyGovIndia has said.

Earlier this yr, Prime Minister Narendra Modi mentioned that India is primary in digital payments and that the nation’s rural financial system is remodeling. “India is number one in digital payments. India is one of the countries where mobile data is the cheapest. Today, the country’s rural economy is transforming,” the PM mentioned.

ALSO READ: UPI to account for 90% of retail digital payments by 2026-27: Report

‘India witnesses new milestones in digital payments’

In digital payments, India has been witnessing new milestones, in each worth and quantity phrases, which point out the robustness of India’s fee ecosystem and acceptance, as per RBI specialists. MyGovIndia is a Citizen engagement platform of the Government of India, giving folks the chance to work in the direction of Surajya with their concepts and grass root degree of contribution.

(With ANI inputs) 

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