๐Ÿ“ˆ Highest digital payment transactions

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Bengaluru witnessed 14.82 million digital transactions between January and October of this year, worth โ‚น3,620 crores.

Story so far: According to a survey released by Worldline India, a player in payment technology, internet users in India’s tech capital completed 14.82 million digital payment transactions between January and October 2022, the highest number in the nation and totalling โ‚น3,620 crores.

  • The countryโ€™s financial capital, Mumbai, saw 9.4 million people carrying out digital payment transactions.
  • Meanwhile, Hyderabad accounted for 10.36 million and Chennai 9.76 million digital payment transactions.

Types of transactions: Grocery stores, restaurants, clothing and apparel stores, pharmacies, hotels, speciality stores for jewellery, home appliances, and department stores were among the most frequently visited physical merchant categories during the 10-month period under consideration.

  • In contrast, the survey found that e-commerce (online shopping for goods and services), gaming, utility, and financial services collectively accounted for over 86% of the volume in the online space.

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