online transaction

India currently has around 350 million online transacting users across e-commerce, shopping, travel, and hospitality, and the number is set to double by 2030, a new report showed.There are about 40-45 million mature users who spend a considerable share of their wallet online (more than 50 per cent)."We expect online transactors to become 2X by 2030, with mature users being the faster-growing cohort," said Mukesh Kumar, Engagement Manager, Redseer Strategy Consultants."We also estimate that these mature users will account…

FP TrendingNov 23, 2022 07:47:03 ISTThe introduction of digital payment methods has made life easier for people. Nowadays, Unified Payments Interface (UPI) is becoming a more popular choice than cash purchases because almost everyone accepts it, from retailers in luxurious malls to small florists on the street. However, a bad internet connection can sometimes give headaches to individuals while making UPI payments. But this issue can also be resolved by using a USSD code to access UPI. The USSD method makes online…

Image Source : PIXABAY UPI Payment Nearly 76 per cent of Indians now prefer using UPI (unified payments interface) during online checkouts while more millennials (84 per cent) are now using UPI when shopping online, a report showed on Tuesday. As the physical, digital and virtual worlds are converging, Indians are willing to explore and purchase within apps/browsers as…

Image Source : FREEPIK QR Code Digital wallet: It was recently reported that the total number of digital wallet users will exceed 5.2 billion globally by 2026, up from 3.4 billion in 2022, representing strong growth of over 53 per cent, a report said on Tuesday. The findings, by Juniper Research, predicted that the presence of "superapps" will drive digital wallet use in developing countries that are currently considered cash-heavy. "These rapidly growing markets represent a significant opportunity for digital…