• SENSEX
    NIFTY 50
Business

Sluggish digital payment growth in small town India despite government push

Updated : October 07, 2019 07:45 AM IST

Digital payment has been one of the key features of the government's 'Digital India' initiative and online payment platforms and services have indeed spread themselves in the country. However, its penetration and acceptance in the tier-II and tier-III cities still face some obstacles, market players said.
According to Credit Suisse report, India's mobile payments market is likely to touch $1 trillion by 2022.
Despite the rise in the number of platforms that enable businesses to offer online payment experience to their customers regardless of location, instrument or mode, still there is a long way ahead as the penetration has mostly been in tier I cities.
Sluggish digital payment growth in small town India despite government push
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV