This country was once the top in UPI, India gave a big defeat in a few years

Online Payments: India has reached the top in the world in terms of transactions through UPI. According to the India Digital Payments Annual Report, India has done 87.92 billion transactions with a total of Rs 149.5 trillion from UPI, debit and credit cards, prepaid. According to the report, there have been more than 74.05 billion transactions and more than Rs 126 trillion transactions through UPI.

According to the data of the year 2022, there has been an increase of 91 percent in transactions and 76 percent in price as compared to 2021. At the same time, it is estimated that India will register a record increase in digital payments in the coming years as well. At the same time, even before this there was a country which used to make more digital payments than India.

Which country was the top before India

China was once number one in the world in terms of digital payments. China’s digital payment was more than all countries in 2010 and then its digital transaction was 1119 million. India was at number two, which had a transaction of 370 million. America was at number three, whose digital transaction was 153 million.

How India became number one in terms of digital payments

Since 2010, India was making rapid leaps in terms of digital payments. However, the fastest increase has happened after the arrival of 2014. With the decline of China’s graph, by 2023, India has also crossed the level of 61 thousand million in terms of digital payment transactions. Whereas China’s digital transaction volume is more than 22 thousand. America is still at number three, whose digital transaction is more than 4761.

Highest digital transaction in this country of India

Bengaluru tops the list of Indian cities in terms of highest digital transactions in the year 2022. The city recorded 29 million transactions worth Rs 6500 crore in 2022. On the second number, 19.6 million transactions worth Rs 5000 crore were done in Delhi, followed by 18.7 million transactions worth Rs 4950 crore in Mumbai.

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