Digital payment: India removed China’s arrogance, became world’s number-1 country, see top-5 list – india record digital payment in 2023 beat china check full list

India is making new records everyday in terms of digital payments. India has reached the top position in terms of making the most digital payments in the world. A record number of digital payments were made by India in the year 2022. Around 89.5 million digital transactions have taken place during this period. India is far ahead of the other four countries in the top-5 list.

Which country did how many transactions
According to the report of MyGovIndia, 46 percent real time payments were done in India. Brazil is on the second position in this list. There were 29.2 million digital payments in Brazil. While China ranks third, where 17.6 million transactions went digital. Thailand is at the fourth position in this list, where 16.5 million digital transactions took place. South Korea is at number five with 8 million digital payments.

Digital payments in the year 2022
India – 89.5 million
Brazil – 29.2 million
China – 17.5 million
Thailand – 16.5 million
South Korea – 8 million

India at the forefront of digital payment
If we look at these figures, apart from India, the number of digital transactions done by the other top four countries together is more than the number of transactions done by India alone. In this regard, India is far ahead compared to other countries.

Increasing digital payment in India
New types of facilities are being started by the Government of India to promote digital payments. For example, recently the service of UPI payment through credit card has been started. Along with this, a scheme has been started to activate UPI payment account from Aadhaar card.