 "Statspeak: E-cash countdown")
By 2020, the digital payments industry in India will be worth $500 billion and contribute 15 per cent to the country's GDP, according to Google and Boston Consulting Group's 'Digital Payments 2020' report.
Non-cash (cheques, demand drafts, net-banking, credit/debit cards, mobile wallets and unified payment interface) contribution to consumer payments will reach 40 per cent.
