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Digital Payments Surge to ₹11 Lakh Crore During Navratri Shopping
Navratri festivities coupled with recent GST cuts have fueled a historic boom in digital transactions in India. Payments touched ₹11.31 lakh crore in a single day, nearly ten times higher than average, as consumers embraced UPI and card-based spending for festival shopping. Analysts see this as a sign of deepening financial digitization across urban and rural India.
Companies:
- PhonePe
- Google Pay
- Paytm
- NPCI
Tags:
- Digital Payments
- Festive Economy
Explore:Mutual Fund Themes
positive
Digital Payments Surge to ₹11 Lakh Crore During Navratri Shopping
Navratri festivities coupled with recent GST cuts have fueled a historic boom in digital transactions in India. Payments touched ₹11.31 lakh crore in a single day, nearly ten times higher than average, as consumers embraced UPI and card-based spending for festival shopping. Analysts see this as a sign of deepening financial digitization across urban and rural India.
Companies:
- PhonePe
- Google Pay
- Paytm
- NPCI
Tags:
- Digital Payments
- Festive Economy
Explore:Mutual Fund Themes
1 min read
57 words
Navratri triggers record ₹11 lakh crore in digital payments, reflecting India’s rapid fintech adoption.
Navratri festivities coupled with recent GST cuts have fueled a historic boom in digital transactions in India. Payments touched ₹11.31 lakh crore in a single day, nearly ten times higher than average, as consumers embraced UPI and card-based spending for festival shopping. Analysts see this as a sign of deepening financial digitization across urban and rural India.
Navratri festivities coupled with recent GST cuts have fueled a historic boom in digital transactions in India. Payments touched ₹11.31 lakh crore in a single day, nearly ten times higher than average, as consumers embraced UPI and card-based spending for festival shopping. Analysts see this as a sign of deepening financial digitization across urban and rural India.
Companies:
- PhonePe
- Google Pay
- Paytm
- NPCI
Tags:
- Digital Payments
- Festive Economy
- Digital Payments
- Festive Economy
- UPI
- Navratri