A staggering 89.5 million transactions helped India top the list for digital payments in 2022, surpassing four other nations. India accounted for 46% of all real-time payments made globally in 2022, the survey said. India has more digital payment transactions than the top four nations put together, the research claims. Brazil ranks second with 29.2 million transactions, just ahead of China in second with 17.6 million. According to data from MyGovIndia, South Korea came in second with 8 million digital transactions, followed by Thailand in fourth place with 16.5 million. By providing the Incentive Scheme for the Promotion of RuPay Debit Cards and Low-Value BHIM-UPI Transactions for the current fiscal year, the Ministry of Electronics and Information Technology (MeitY) is encouraging the use of digital payments.
MyGovIndia, a platform for citizen interaction run by the Indian government, gives citizens the option to make local contributions and advance Surajya. India, according to Prime Minister Narendra Modi, is the world leader in digital payments, and its rural economy is developing. When it comes to digital payments, India is the global leader. One of the nations with the most affordable mobile data prices is India. According to the PM, the nation's rural economy is now evolving. The development of digital payments in India and the availability of a variety of simple and practical digital payment options have aided in improving living conditions, promoting financial inclusion, and boosting commerce and the economy of the country.
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