Digital India Shines: India’s rank improves by 8 points in e-payment adoption, says survey

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India’s overall ranking in terms of centre’s adaptability of digital payments has jumped by eight points in 2018, said a survey by The Economist Intelligence Unit commissioned by Visa.

Digital_IndiaWhile India secured 36th position in 2011, its position improved by eight positions and reached 28th in 2018. However, the report also suggests the need to take more initiatives on digital infrastructure access and socio-economic factors, a survey said Wednesday.

The country holds the top ranking on B2G and G2B, and comes third on C2G jointly with Argentina, said the report.

 “(India) could further improve its standing by focusing on expanding access to digital infrastructure, investing in socio-economic development, and promoting a healthy, competitive market,” the survey said.

Further, the country secured 58th place for digital infrastructure and lags significantly in the development of digital infrastructure and socio-economic conditions, revealed the survey.

The report highlighted that substantial pockets of communities lack required access to the Internet and similarly payment acceptance infrastructure also needs a lot of efforts from the government’s end.

India ranked at 60th position among the 73 countries surveyed on socio-economic development, which highlights the need to enhance efforts on generating awareness for digital payments, as well as its citizens’ and businesses’ engagement with Internet-enabled services, it said.

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