Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Only 16% of rural Indians access Internet for e-payments: Report

Digital payments

Digital paymentsRural Indians are lagging behind their urban counterparts when it comes to accessing the internet for making digital payments, says a joint study by Internet and Mobile Association of India (IAMAI) and market research agency Kantar IMRB.

The report reveals that in both urban and rural areas, online financial transactions, e-commerce activities as well as digital payments, are lagging behind despite the rolling out of demonetisation drive and Digital India initiative. It added that the situation in rural areas is even worse in last one year.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

While 16 per cent of the rural Indians access the internet for their financial transactions, 44 per cent in urban India access internet for their e-payments, said the report.

AdvertisementSAAS

 “A lot of these payments are peer to peer, and therefore there is a multiplier effect. So this has picked up in urban areas but the required critical mass has not been built in rural areas,” said Biswapriya Bhattacharjee, Executive Vice-President, Kantar IMRB.

As of December 2017, India had 481 million Internet users, a rise of 11.34 per cent from the previous year.

AdvertisementInfoComm India 2026

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of Digital Payments

Cashfree Opens Hosted Checkout to AI Shopping Agents

Cashfree Payments on 6 November 2026 launched Checkout for Agents, a WebMCP-based layer that lets artificial intelligence (AI)… Read more →

UPI Hits Record 25.47 Billion Transactions in October 2026

Unified Payments Interface (UPI) transactions reached a record 25.47 billion in October 2026, worth ₹31.53 lakh crore, according… Read more →

PhonePe Launches Tatkal NPS: Open a Pension Account with ₹250 via UPI Using Existing Bank KYC

PhonePe has brought the Pension Fund Regulatory and Development Authority's (PFRDA) Tatkal NPS framework to its app, allowing… Read more →

Spice Money Gets RBI In-Principle Nod as Physical Payment Aggregator to Bring Aadhaar Pay, QR Acceptance to Rural Merchants

Spice Money Limited, the rural fintech subsidiary of DiGiSPICE Technologies, has received in-principle authorisation from the Reserve Bank… Read more →

UPI Is Now the World's Largest Real-Time Payment System, Says FM Sitharaman as RBI Opens Odisha Data Centre

India's Unified Payments Interface (UPI) is now the largest real-time payment system in the world, Union Finance Minister… Read more →

RBI Enhances UPI Lite Limits to Boost Offline Digital Payments

The Reserve Bank of India (RBI) has raised the UPI Lite wallet limit to ₹5,000 and the per-transaction… Read more →

whatsapp--v1