Text Resize

Digital payments growing in India at 12.7% CAGR: KPMG

Project Info

  • Date Added: Feb 03, 2020
  • Share Project:

Case Study

ECONOMICTIMES/IANS AUG-2019 Digital payments in India are witnessing thriving growth with a compound annual growth rate (CAGR) of 12.7 per cent in the number of non-cash transactions, global advisory KPMG said on Thursday.

A KPMG report said that the mobile payment revolution in the country has led to a boom in the number of merchants adopting digital payments with close to 1.5 million digital payment acceptance locations in 2016-17. Besides, the number of merchants accepting digital payments modes has increased to over 10 million in a short span of two to three years.