Digital payments industry in India grow $500 bn by 2020

digital-payments-industryBy 2020, the size of digital payments industry in India will be $500 billion contributing 15 percent to India’s GDP says ‘Digital Payments 2020‘ report published by Google and Boston Consulting Group (BCG).

Further, by 2020, non-cash contribution in the consumer payments segment will double to 40 percent. Already 81 percent of existing digital payment users prefer it to any other non-cash payment methods. Online, shopping, payment of utility bills and buying movie tickets have emerged as the three top things that a user primarily …Read More

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