Digital payment transactions in India rise 23% between Jun 3-Jul 2: Report

Digital payment transaction saw a 23 per cent jump in the past one month, signalling a rebound after the decline seen during the nationwide lockdown, according to a report by fintech platform Razorpay.

The report analysed consumer behaviour and digital spending patterns during lockdown and in the later days.

“With the economy inching towards normalcy, digital payment transactions have rebounded by 23 per cent in the last 30 days (June 3-July 2). The overall digital transactions declined by 12 per cent in the last 101 days, compared to a 30 per cent drop in the first 30 days of lockdown (March 24-April 23),” the report said.