Digital Payments

Telangana ranked 2nd in Walnut’s cashless scorecard

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Showing its gleaming performance towards the adoption of digital payments, Telangana has secured second in the “Cashless India Scorecard” prepared by Walnut app.

The app was prepared Walnut app to track the growth of digital payments in the country, reported The Hindu.

The scorecard was designed to analyse the progress of each State towards enabling a cashless economy post- demonetisation, based on an aggregate and anonymised analysis of Walnut’s over five million user data.

The analysis ranked States based on percentage increase in overall cashless transactions, growth in shoppers using debit or credit card for the first time and growth in merchants accepting digital payments.

Based on these parameters, Gujarat, Telangana and Haryana emerged as the top three states with the highest growth in going cashless.

“While Telangana government promoted the cashless push through a mix of communication, infrastructure support and partnering with banks, an adoption at this level is only possible by a ground-up consumer willingness to learn something new,’’ said Co-founder and CEO, Amit Bhor, of Walnut.

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