Wise Payments eyes more of India's $32 billion in overseas remittances

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Major lenders like ICICI Bank Ltd.

Digital transactions accounted for about 46 per cent of all payments in India in 2022, according to the government.

India’s market for retail digital payments is forecast to balloon to $7 trillion by 2030, according to a study by Kearney and Amazon Pay, up from just $300 billion in 2018.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Wise Payments Remittances Overseas remittances Remittance market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 09:46:17 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 22025613

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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