Number of digital transactions in India to grow 3x by 2028-29: PwC India

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Number of digital transactions in India to grow 3x by 2028-29: PwC India - Business Standard

Quick Summary:

This fund was introduced by the Reserve Bank of India to encourage the deployment of Point of Sale (PoS) infrastructure across tier-3 to tier-6 centres (cities and towns) in the country.

The United Payments Interface (UPI) currently has a transaction volume growth trajectory of 57 per cent.

Mihir Gandhi, partner and payments transformation leader at PwC India, said, “Over the next five years, the payments industry will prioritise expanding ecosystems and exploring new use cases for existing platforms.