India's retail digital payments predicted to double to $7 trillion by 2030, driven by online purchases and consumer shift.
A report by Kearney and Amazon Pay predicts that India's retail digital payments will double to $7 trillion by 2030, driven by strong adoption of digital payments in online purchases and a shift in consumer behaviour. 90% of survey respondents prefer digital payments for online purchases, with affluent consumers using various modes for 80% of transactions. Millennials and Gen X lead the adoption of all types of digital payment instruments, with men and women using them in 72% of transactions, indicating gender parity.
July 14, 2024
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