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India

India has long been bought into the digital payments sphere, even before the Covid-19 pandemic, which accelerated the use of alternative payment methods globally. In 2019, India boasted an 87% financial technology adoption rate - the highest worldwide that year, alongside China

India flag

Population

1,428,627,663

Banked Population:

77.53%

Group 427321246

Main industries

Iron & Steel, Textiles, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance

Group 427321247

Main imports

Crude Petroleum, Petroleum Gas, Gold, Coal Briquettes, and Diamonds

Group 427321248

Main exports

Refined Petroleum, Packaged Medicaments, Diamonds, Rice, and Jewellery

GDP stats

$2,256.6

Per capita (USD)

8.7%

Growth annually

5

World ranking

Internet usage

43%

Smartphone usage

35.4%

Credit/debit card usage

8%

Population transacting electronically

46%

Cash Usage

37%

Group 427321245 1

Total volume of digital payments projected to reach

$160.60B (USD)

Payment Methods in India

All
  • All Methods
  • Instant Bank Wire
  • eWallet
  • Fast Bank Transfer

HDFC Bank

Instant Bank Wire

Kotak Mahindra Bank

Instant Bank Wire

Yes Bank

Instant Bank Wire

Unified Payments Interface

eWallet

IMPS

Fast Bank Transfer

NEFT

Fast Bank Transfer

RTGS

Fast Bank Transfer

IDFC First Bank Ltd

Instant Bank Wire

IndusInd Bank

Instant Bank Wire

Axis Bank

Instant Bank Wire

Standard Chartered Bank India

Instant Bank Wire

Union Bank of India

Instant Bank Wire

South Indian Bank Ltd

Instant Bank Wire

Saraswat Bank

Instant Bank Wire

Bank of India

Instant Bank Wire

Canara Bank

Instant Bank Wire

Central Bank of India

Instant Bank Wire

ICICI Bank

Instant Bank Wire

IDBI Bank

Instant Bank Wire

Indian Bank

Instant Bank Wire

Karnataka Bank

Instant Bank Wire

Kotak Mahindra Bank

Instant Bank Wire

Punjab National Bank

Instant Bank Wire

State Bank of India

Instant Bank Wire

Bank of Baroda Retail Accounts

Instant Bank Wire

Central Bank of India

Instant Bank Wire

Catholic Syrian Bank

Instant Bank Wire

ICICI Bank

Instant Bank Wire

Dhanlaxmi Bank Ltd

Instant Bank Wire

IDBI Bank

Instant Bank Wire

DCB Bank Ltd

Instant Bank Wire

Indian Bank

Instant Bank Wire

Induslnd Bank Ltd

Instant Bank Wire

Karnataka Bank

Instant Bank Wire

Indian Overseas Bank

Instant Bank Wire

Jammu and Kashmir Bank Ltd

Instant Bank Wire

Kotak Mahindra Bank

Instant Bank Wire

Karur Vysya Bank

Instant Bank Wire

Punjab National Bank

Instant Bank Wire

Lakshmi Vilas Bank Ltd

Instant Bank Wire

State Bank of India

Instant Bank Wire

Punjab and Sind Bank

Instant Bank Wire

Standard Chartered Bank India

Instant Bank Wire

Ratnakar Bank RBL Bank

Instant Bank Wire

Union Bank of India

Instant Bank Wire

Induslnd Bank Ltd

Instant Bank Wire

Indian Overseas Bank

Instant Bank Wire

Jammu and Kashmir Bank Ltd

Instant Bank Wire

Karur Vysya Bank

Instant Bank Wire

Lakshmi Vilas Bank Ltd

Instant Bank Wire

Punjab and Sind Bank

Instant Bank Wire

Ratnakar Bank RBL Bank

Instant Bank Wire

South Indian Bank Ltd

Instant Bank Wire

Saraswat Bank

Instant Bank Wire

Au Small Finance Bank Limited

Instant Bank Wire

Bank of India

Instant Bank Wire

Bank of Maharashtra

Instant Bank Wire

Canara Bank

Instant Bank Wire

Au Small Finance Bank Limited

Instant Bank Wire

Bank of Maharashtra

Instant Bank Wire

Bank of Baroda Retail Accounts

Instant Bank Wire

Catholic Syrian Bank

Instant Bank Wire

Dhanlaxmi Bank Ltd

Instant Bank Wire

DCB Bank Ltd

Instant Bank Wire

Freecharge

eWallet

Airtel Money eWallet India

eWallet

MobiKwik Wallet

eWallet

PayTm

eWallet

Unified Payments Interface

eWallet

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