FAQs
As of 2021, Paytm has the largest user base with over 350 million registered users, followed by PhonePe with over 280 million users. Google Pay and Amazon Pay have approximately 100 million users each, while BHIM UPI has around 70 million users.
Which digital payment is best in India? ›
Which payment app is best in India 2024?
- Paytm.
- Google Pay.
- PhonePe.
- CRED.
- MobiKwik.
Which is the largest form of digital payment in India? ›
UPI continues to be the king of digital payments in India. The report highlights a remarkable 56% year-on-year growth in UPI transactions between July and December 2023. The total volume surged to a staggering 65.7 billion transactions, compared to 42.1 billion in the same period last year.
Which is the leader in digital payments in India? ›
In recent years, India has become a major player in the digital payment space, outpacing its allies and rivals. In 2022, 46 per cent of real-time global digital transactions took place in India, and the nation has become the second-largest digital market in the world, closing in on China in first place.
Which is India's No 1 UPI payment app? ›
1. Google Pay. Google Pay is at the top of the list among the best UPI apps in India. The transactions on Google Pay are really quick.
Which is the No 1 payment company in India? ›
The India payment gateways market has several major players, including Cashfree Payments India Private Limited, Easebuzz Private Limited, Fiserv India Pvt Ltd (Fiserv Inc.), IndiaIdeas.com Limited (BillDesk), Infibeam Avenues Limited (IAL), Ingenico International India Pvt Ltd., Instamojo Research and Development ...
Which payment method is popular in India? ›
Cash, credit card, debit card, cheques, UPI etc. are various payment methods that are common in India. Let's look at an almost exhaustive list of payment methods you can use in India.
Which was the first digital payment app in India? ›
Oxigen wallet is the first-ever e-wallet in India, launched in July 2004. In 2006, the media firm Times Group, in association with YES Bank, introduced Wallet365.com. But, the use of digital wallets picked up pace after the launch of Mobikwik in 2009.
Which is the largest online payment platform in India? ›
Best Online Payment Gateways in India 2024
- PayU.
- Instamojo.
- CCAvenue.
- Bill Desk.
- JusPay.
- Airpay.
- Cashfree Payments.
- Zaakpay.
Who controls digital payments in India? ›
National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & ...
In financial year 2024, almost 164 billion digital payments were recorded across India. This was a significant increase compared to the previous three years.
What is the rank of India in digital payments? ›
India is number one in digital payments and that it's transforming the country's rural economy, PM Modi had said earlier this year. "India is number one in digital payments. India is one of the countries where mobile data is the cheapest. Today, the country's rural economy is transforming," the PM had said.
Which is the best paying app in India? ›
Best Money Earning Apps
Money Earning App | Type | Ratings |
---|
PhonePe | Payments | 4.6/5 |
MGammer | Gaming | 4.1/5 |
Sheroes | Various | 4.3/5 |
BrainBaazi | Quiz | 4.0/5 |
26 more rows
What is the most popular payment method in India? ›
Both Paytm and PhonePe ranked as popular digital payment methods in India in 2020 and were more commonly used than credit or debit cards for online shopping.