Digital payments are rapidly increasing in the country, with an increasing number of Indians opting for cashless transactions. According to a Mastercard-commissioned survey, 93% of Indians are likely to have used at least one form of digital payment in the previous year.
According to a survey, Indian consumers are among the most open to digital payment methods in the Asia-Pacific region, according to Mint. Only Chinese consumers are more open to digital payments than Indians (98%). The survey was conducted in March and April, with 7,004 adults evenly distributed across seven markets taking part. Digital wallets are, unsurprisingly, the most popular digital payment method among Indian consumers. According to the survey findings, 58% of Indian consumers used at least one digital wallet last year, with affluent and millennial respondents using digital wallets the most.