India dominating digital payment landscape, leading the way towards a cashless economy: Centre

The Centre on Saturday boasted India's domination in the digital payment landscape. It said the country is leading the way towards a cashless economy. India with 89.5 million digital transactions in the year 2022 has topped the list of five countries in digital payments, according to government data. As per the data, India in 2022 accounted for 46 per cent of the global real-time payments, and digital payment transactions in India is more than the other four leading countries combined.The Centre on Saturday boasted India's domination in the digital payment landscape. It said the country is leading the way towards a cashless economy. India with 89.5 million digital transactions in the year 2022 has topped the list of five countries in digital payments, according to government data. As per the data, India in 2022 accounted for 46 per cent of the global real-time payments, and digital payment transactions in India is more than the other four leading countries combined.

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