$271 bn consumer spending to shift from cash to cards, digital payments by 2023 in India: Accenture

The report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digital payments by 2023 - and increase to USD 48 trillion by 2030. "In India, 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 - and increase to USD 856.6 billion by 2030," it said.

source https://economictimes.indiatimes.com/industry/banking/finance/271-bn-consumer-spending-to-shift-from-cash-to-cards-digital-payments-by-2023-in-india-accenture/articleshow/79387766.cms