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Share of transactions made by cash in India in 2020

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Source

In cooperation with
Release date

October 2020

Region

India

Survey time period

2010 and 2020

Supplementary notes

*Estimated value.

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Share of transactions made by cash in India 2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 4, 2021
A report published by suggests that the COVID-19 pandemic has had a lasting impact on the payment sector in India. Implementation of new government policies to protect its citizens and rapid change of consumer behavior have changed the business environment, regardless of their size. Even though the overall payment revenue in India has shrunk, the percentage of payment made with non-cash methods has increased. Various digital payment options have been implemented rapidly in India, including the central bank-backed Unified Payments Interface (UPI) and other private payment methods.
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