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'Digital payments to grow 3-fold to 481 bn by FY29'
September 06, 2024
|The Daily Guardian
India's digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year (YoY) in FY 2023-24, according to a new report by PwC.
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The report projects that the industry will experience threefold growth, with transaction volumes set to rise from 159 billion in FY 2023-24 to 481 billion by FY 2028-29.
In terms of transaction value, the market is expected to nearly double during this period, expanding from INR 265 trillion to Rs 593 trillion by FY 2028-29.
Unified Payments Interface (UPI) continues to lead India's digital payments revolution. In FY 2023-24, UPI saw an impressive 57 per cent YoY growth in transaction volume, surpassing 131 billion transactions.
هذه القصة من طبعة September 06, 2024 من The Daily Guardian.
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