Published 1 year ago

As cash use declines, UPI to drive Indian e-com market to $150 bn in 2026

Summary by Ground News

India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further. With cash use declining from 71 per cent of POS transaction value in 2019 to just 27 per cent in 2022, India has emerged as a global leader in payments with the development of its next-generation real-time payments infrastructure.

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As cash use declines, UPI to drive Indian e-com market to $150 bn in 2026

As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026

1 year ago·India

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The News Minute

Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026

BusinessAs unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, a report showed on Thursday.IANS As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as c…

1 year ago·Bengaluru, India

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