India Tops World Ranking In Digital Payments: MyGovIndia Data

As per data, 46 per cent of all real-time payments made worldwide in 2022 were made in India. India has more digital payment transactions than the other four top countries put together.

Brazil is second on the list which accounts for 29.2 million transactions followed by China with 17.6 million transactions. Thailand ranked at number 4 with 16.5 million digital transactions followed by South Korea with 8 million worth of transactions, the data from MyGovIndia has stated. For the current fiscal year, the Ministry of Electronics and Information Technology (MeitY) is promoting digital payments by offering the Incentive Scheme for the Promotion of RuPay Debit Cards and Low-Value BHIM-UPI Transactions.