NEW DELHI: As per the data from MyGovIndia, India topped the list of the top five countries for digital payments in 2022 with 89.5 million transactions. India accounted for 46% of all real-time payments made globally in 2022, and its total digital payment transactions exceeded those of the other four top economies put together, the data showed
According to data from MyGovIndia, Brazil came in second on the list with 29.2 million transactions, followed by China with 17.6 million. Thailand is in fourth place with 16.5 million digital transactions, followed by South Korea with 8 million.
MyGovIndia is a platform for citizen involvement run by the Indian government that offers individuals the chance to contribute at the grassroots level and strive towards Surajya. Prime Minister Narendra Modi said earlier this year that India is the world leader in digital payments and that the rural economy of the nation is changing.
In terms of digital payments, India is at the top. One of the nations where mobile data is most affordable is India. The rural economy of the nation is changing today, the prime minister stated. According to RBI specialists, India has been experiencing new milestones in digital payments, both in terms of value and volume, which show the strength and acceptance of India's payment ecosystem.
GooglePay rolling out Aadhaar-based authentication for UPI activation
How Digital Economy will help India Accelerate its growth in coming years
Paytm further strengthens Merchant Payments Leadership, over 75-La devices deployed