Covid19: Online spending on travel booking, hospitality falls; grocery purchases see rise

With the Central government and the Reserve Bank of India urging people to use digital payments during the current coronavirus pandemic, payment gateway Razorpay has revealed that digital spending rose 10 per cent on its platform between middle of February and now.

UPI (19.6 per cent), netbanking (11.5 per cent) and wallets (10.3 per cent) have become the top three modes of payments in this period.

The company has released insights on digital payment trends in the current situation, which reveal that while spending on online travel booking has fallen, grocery purchases are on the rise.

The current situation has led to a slump of 30 per cent in online travel bookings, it said on Thursday.