Indian Payments Ecosystem on Clubhouse

Indian Payments Ecosystem Clubhouse
103 Members
Updated: Jul 17, 2024

Description

India is one of the leading countries adopting technology and digitization across its industries. Both public and private sectors in India are going through rapid digital transformation by embracing automation and advanced data analytics. The Fintech sector in the country is one of the industries at the forefront of transformation. India’s digital payment sector has been evolving since demonetization. The Covid-19 pandemic has accelerated the digital shift and now most of the consumers are accessing online services thus enhancing the digital payment market.
According to a Research and Markets report that explored 800 million Indian mobile payment consumers, the Indian digital payments industry stood at INR 2,153 trillion in 2020 and will grow at 27% CAGR to reach INR 7,092 trillion by FY25.

The digital payment ecosystem of India is expanding with the growth of different payment channels. The government has contributed to the growth of Fintechs by redefining the services through the introduction of strategies like UPI, IMPS, e-KYC, and Aadhar as an authentication method. Private fintech startups like NeoPay, PhonePe, PayTM, and Razorpay have revolutionized the digital payment market in India.

Last 30 Records

Day Members Gain % Gain
July 17, 2024 103 +1 +1.0%
April 20, 2024 102 0 0.0%
February 10, 2024 102 +1 +1.0%
December 27, 2023 101 0 0.0%
November 14, 2023 101 +1 +1.0%
October 14, 2023 100 0 0.0%
September 14, 2023 100 +1 +1.1%
August 16, 2023 99 +1 +1.1%
July 14, 2023 98 0 0.0%
June 20, 2023 98 -1 -1.1%
March 19, 2023 99 +2 +2.1%
March 03, 2023 97 0 0.0%
December 28, 2022 97 +1 +1.1%
June 30, 2022 96 +1 +1.1%
June 11, 2022 95 +3 +3.3%
May 08, 2022 92 +1 +1.1%
April 11, 2022 91 +1 +1.2%
April 04, 2022 90 +2 +2.3%
March 20, 2022 88 +4 +4.8%
February 16, 2022 84 +8 +10.6%

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