 "Fintech")
Retail digital payments in India will surpass $7 trillion by 2030, helped by “deeply aspirational” consumers, says a new report. The digital surge is driven by customer adoption, government financial inclusion initiatives, and “ecosystem acceleration”. The Unified Payments Interface remains the primary entry method, while credit instruments like credit cards and ‘buy now, pay later’ are increasingly favoured for high-value transactions. The report by Kearney and Amazon Pay notes a narrowing gender gap, with 89 per cent of women preferring digital modes for online purchases. It took insights from 6,000 consumers in 120 cities.
Digital power
43 per cent growth*
