Digital payments market in India likely to grow 3-folds to Rs 7,092 trillion by 2025 (Business Opportunities - Other Business Ads)

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Digital payments market in India likely to grow 3-folds to Rs 7,092 trillion by 2025


New Delhi: Digital payments in India are expected to triple to Rs 7.092 trillion by 2025 on account of government policies around financial inclusion and increasing digitisation of merchants, according to a research report. RedSeer Consulting said in its report that the country's digital payments market was valued at around Rs 2,162 trillion in 2019-20.

"The current 160 million unique mobile payment users will multiply by five times, to reach 800 million in 2025. This growth will be attributed to a number of demand and supply-side drivers," said the Bengaluru-based management consultancy.

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