India tops world ranking in digital payments, beats China by huge margin: Report

India has topped the list for digital payments and recorded 89.5 million transactions in 2022, according to a report. Interestingly, India’s payments are more than the digital payments made in the next four leading countries combined.

According to the data provided by MyGovIndia, the citizen engagement platform of Government of India, 46% of all real-time payments made worldwide in 2022 were made in India.

Brazil is second on the list accounting for 29.2 million transactions, followed by China with 17.6 million transactions.