New Delhi: India has set a great example in the matter of digital transactions. India has reached the top in the whole world in terms of transactions through UPI. According to the data of the year 2022, compared to the year 2021, India has been at the forefront. There has been an increase of up to 91 percent in the digital payment of the country. In the matter of digital payment, India has also left China far behind. India’s digital transaction has been 89.5 million. India is on top. India is followed by Brazil with 29.2 million, China with 17.6 million, Thailand with 16.5 million and South Korea with 8 million. These countries were once ahead of India in terms of digital payments. Now even if the figures of these four countries are combined, India is far ahead. Let us tell you that China was once number one in terms of digital payments. In the year 2010, China’s digital payment was more than all the countries. China’s digital transaction at that time was 1119 million. India was at number two, which had a transaction of 370 million. At the same time, America was at number three, whose digital transaction was 153 million.
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This is how India became number one in digital payment
Digital payment is growing rapidly in India. Digital payments have gained momentum in India since 2010. After the year 2014, there was a lot of jump in it. With the arrival of the year 2023, India’s digital payment graph is growing at a rapid pace. While on the other hand, China’s graph has fallen in the case of digital payment. India has crossed the mark of 89.5 million at this time.
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Digital payment is happening fiercely in these cities
According to the statistics of the year 2022, the maximum number of digital payments in India is happening in Bengaluru. It has been on top. Delhi has been at number two. After this, Mumbai is number one in terms of digital payments. Bengaluru records 29 million transactions worth Rs 6500 crore in the year 2022.