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Ruskin Felix Consulting

Ruskin Felix Consulting

India’s Digital Payments Market

Online payments Growth of GDP Digital India

After the Indian government launched its Digital India program, back in 2015, with the objective of achieving a “faceless, paperless, and cashless” status. This led to a surge in the use of digital payments for every citizen which were affordable, convenient and secure.

According to a recent study by PhonePe and Boston Consulting Group, the digital payments market in India is projected to grow more than triple from $3 trillion to $10 trillion by 2026.

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