$271 bn consumer spending to shift from cash to cards, digital payments by 2023 in India: Accenture

The report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digital payments by 2023 - and increase to USD 48 trillion by 2030. "In India, 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 - and increase to USD 856.6 billion by 2030," it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/370TWzX