With 25.5 billion real-time payment transactions in 2020, India surpassed all other countries, according to a report by ACI Worldwide. It was followed by China (15.7 billion) and South Korea (6 billion), with the United States in ninth place with only 1.2 billion transactions. Growing customer acceptance of digital payment technologies, merchant education and acceptance, and state-backed programs have played a crucial role in our dominance.
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First published: Sun 05 Jun 2022. 21:58 IST
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