Over 40% consumers use digital payment daily in Tier 3-6 cities: Report

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"This reflects the frequent usage of digital payments by consumers, even in Tier 3 to 6 locations of the country," said a report by Chase India on The State of Digital Payments in India.

More than 40 per cent of consumers in Tier 3 to 6 cities use digital payment on a daily basis, while 45 per cent claimed to use it once in two days, a new survey report has said.

According to the report, nearly half of the merchants who are not using digital payments in rural India are unaware of the service.

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Article Details

Category: BusinessFinance

Markets: India

Topics: UPI payment Online payment Digital payment UPI transactions

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 17:17:27 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22280520

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Official Website: business-standard.com

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Year Established: 1975

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Coverage Areas: India

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