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India Digital Payments Report Q3 2022

Published on December 08, 2022
Current Context: Financial services company, Worldline India, released a report titled, “India Digital Payments Report Q3 2022”.
India Digital Payments Report Q3 2022
  • The report mentioned that in Q3 FY23 (July-September 2022), more than 23 billion transactions were made that were worth INR 38.32 trillion.
  • These payments were made through prepaid payment options such as:
  1. Mobile Wallets
  2. Debit Cards
  3. UPI
  • It mentioned that UPI-based transactions dominated both in terms of volume (19.65 billion) and value (INR 32.5 trillion).
  • According to the report the top 3 states with the highest transactions at physical touchpoints are:
  1. Maharashtra
  2. Karnataka
  3. Kerala
  • Also, the top 3 cities with the highest transactions at physical touchpoints are:
  1. Bengaluru
  2. Hyderabad
  3. Chennai
  • The report suggested that the POS transactions accounted for INR 595.4 million while the e-commerce transactions for the period accounted for INR 311.6 million.
  • Worldline India was established in 1997 with its headquarters in Mumbai. The current Executive Chairperson of the company is Deepak Chandnani.

Question:

Q.1 According to the “India Digital Payments Report Q3 2022”, how many digital transactions were made during Q3 FY23?
a. 13 billion
b. 20 billion
c. 23 billion
d. 27 billion
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