The Most Used Online Payment Methods in India

Nowadays, people are becoming less hesitant about making transactions online. Last year, there were over two billion people who purchased goods and services online and e-commerce retail sales went over an astounding amount of 4.2 million USD. 2020 was a year when more people started to transact online and this was mainly because of the pandemic. People had to stay at home and utilize online services to get essentials.

Last year, Razorpay reported that online transactions in India grew up to 76 percent and many of the transactions came from first-time digital payment users. The report also projected that the Indian online payment sector will grow up to $700 billion USD by 2022.

This isn’t far from happening as e-commerce platforms, gaming, and gambling sites in the country are now giving the locals more options when transacting with them. This is evident in how the online banking methods of 10CRIC India and other sites are starting to be diverse. From bank transfers to digital wallets and cryptocurrencies… you name it. These sites will most likely have the payment solution that you are looking for.

Source: https://www.siliconindia.com/news/general/the-most-used-online-payment-methods-in-india-nid-217148-cid-1.html