One of the most industrialised states in the country, Maharashtra ranks 10th on the list, while Delhi stands fifth.
A personal finance management app called Walnut has created a scorecard comparing how each state is moving towards a cashless economy post-demonetisation, based on an aggregate and anonymised analysis of its over 5 million users' data.
The scorecard ranks states based on percentage increase in overall cashless transactions, growth in shoppers using debit or credit card for the first time and growth in merchants accepting digital payments.
Based on these parameters, Gujarat, Haryana and Telangana emerged as the top three states with the highest growth in going cashless in the country.
The app also tracked category-wise spends for the top five states and fuel expenditure emerged as the leading category for cashless transactions post-demonetisation, followed by travel and food & beverages.
Commenting on the scorecard, Amit Bhor, co-founder & CEO of Walnut said, "The increase in cashless transactions is a healthy trend that's visible across almost all states. The scorecard is our effort to support the vision of digital India. We aim to bring a data-driven transparency to policy decisions and help the relevant stakeholders understand the gaps in the ecosystem through this endeavour."
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