Bengaluru reported highest adoption of digital payments among Indian cities in March quarter of 2019, says Worldline.
The report further revealed that Maharashtra has topped the list among all the states. These revelations were made in a report released by Worldline on digital payments adoption for the March quarter of 2019.
Bengaluru is followed by Chennai, Mumbai, Pune, and Hyderabad as the top cities with largest share of transactions done digitally. In terms of states, Maharashtra is followed by Karnataka,Tamil Nadu, and Delhi.
The report also underlined that festival days continued to contribute rapid jump in digital transactions with January reporting the highest number of transactions in the first three months.
This boost was mainly escalated by the Republic Day sale across e-commerce platforms that started on January 23.
The merchant categories that witnessed highest share of transactions were grocery, restaurants, petrol pumps, apparel, and specialty retail.
Besides, on Holi the number of e-payments inflated by 53 percent followed by Republic Day when it jumped by 37 percent.
Worldline also revealed that RBL Bank with 19 percent of the PoS terminals, State Bank of India with 15 percent and Axis Bank with 14 percent formed the top three merchant acquiring lenders in the country. The total number of PoS terminals reported to be at 3.7 million at the end of March this year.
The country witnessed an addition of 10 million new credit cards between March 2019 and March last year. The number of new debit cards reported during the same period was 64 million.