The Digital Payments Ecosystem in India has seen a huge increase in traction, especially over the past few years. This can be attributed to innovations like UPI, NFS, BBPS etc coming into the picture.
This growth has been further accelerated by the COVID-19 outbreak and the social distancings norms that it has brought with it. With peoples switching to contactless payment methods, the number of digital transactions in the country has skyrocketed. And this trend is likely here to stay.
Apart from the pandemic aspect, the Indian government has also been a big contributor to this digital push. In the Union Budget of 2021-22, the Indian Government has announced a sum of 1,500Cr to be allotted to boost the digital payments sector in the country. Keeping the amount of activity this sector has seen, in mind, The Digital Fifth is proud to launch its representation of The Digital Payment Ecosystem of India.
A few of the criteria that have helped us choose the players are:
- Size, Market share, and popularity of the company
- The prominence of players in the segment
- Innovation in Business Model
- Type of Clients served
Please fill the form to download the Indian Digital Payments Ecosystem