Digital payments have come of age during the last few years in India. With access to multiple platforms, modern users are now increasingly opting for digital payments to discover and complete their purchase journey. While online storefronts were among the first to adopt digital payments, legacy payment systems quickly followed suit. Today even individual blue-collar workers, such as carpenters or beauticians accept cyber payments. The numbers also reflect this impressive trajectory with digital payments accounting for 40 billion transactions worth more than a quadrillion rupees in 2021. These are some of the trends that ruled the digital payments industry in 2021, fueling its growth:
