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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.


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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