Why India lags peers in digital payments2 min read 23 Oct 2018, 02:37 AM IST
The recent Supreme Court ruling on Aadhaar and the lack of infrastructure, such as point-of-sale terminals, may stall the growth of digital payments
Mumbai: From purchasing groceries via net banking to buying a cup of tea using Paytm, Indians are increasingly turning to digital payments for their daily transactions. Aided by supportive government policies, digital payments in India have grown rapidly in recent years. Between 2015 and 2017, digital payment transactions grew at an average annual pace of more than 50%, outpacing other major developing countries.
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