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Systematix Research Report
Indian banking industry's total digital payment volumes grew by 9% month-on-month and 65% YoY in December 2021, contributing to ~99% of the overall volumes; digital payments in value terms increased by 17% month-on-month/21.3% YoY to Rs 173 trillion, contributing to ~96% of the total banking payments.
Total retail digital volumes increased by 9% month-on-month/65% YoY, while retail digital payments grew by 14% month-on-month/20.3% YoY to Rs 43.6 trillion.
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