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India's Digital Payment Revolution: Redseer's Insights on a Thriving Digital Economy

Internet Usage Funnel ( # of users in Cr ) GU PAY Access to Internet Total population with access to internet Active Internet users Uses social media , google , but doesn't transact online Online Transactors Transacts for services e.g. banking / recharge , but no products Unique Mobile payment user Use UPI or Wallet as a digital payment mode # Smartphone Users ( Mn ) FY23 60-65 Source ( s ) : RedSeer Analysis How to read : 45-50 is ~ 70 % of 70-75 , 40-45 is ~ 55 % of 70-75 , etc. 40-50 -70 % 40-45 -55 % 70-75 100 % 35-38 ~ 48 % CAGR ( 23-26 ) ~ 8 % 16 % ~ 20 % ~ 22 % CAGR ~ 10 % FY26F 80-85 95-100 100 % ~ 90 > 90 % 70-75 -74 % 65-70 ~ 69 % redseer

India's Digital Payment Revolution: Redseer's Insights on a Thriving Digital Economy

shared by redseerstrategy... on Oct 28
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Unlocking India's Digital Payment Potential: A Redseer Strategy Consultants Report on the Path to a Strong Digital Economy

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