Statistics Says...

62.2% of Indians buy a service or product online weekly.

34.1% of Indians buy groceries and daily necessities online.

17.3% of Indians buy second-hand goods online weekly.

29.4% of Indians use services such as online price comparison sites on a weekly basis.

18.3% of Indians use weekly pickup services.

The above data shows that there is still a lot of room for improvement in the utilization rate of Indians using online banking to pay for shopping/payment services. Affected by the new crown epidemic, India has "lost two years of economic growth" and is currently undergoing "catch-up economic growth".... Development of". Moreover, it is a more appropriate time to enter online business at present. With the end of the global new crown epidemic, the Indian people's demand for online banking business has also ushered in a relatively large explosive growth. As of now, there are about 644.1 million the number of people completing payments and transactions through online banking/digital channels has increased by 17.4% in the past year. In 2021, the total amount of payments and transactions completed through online banking/digital channels is 139.3 billion U.S. dollars, and this the transaction volume is constantly being refreshed and surpassed this year.

We have to shift to digital be it online shopping, cashless transactions, telemedicine, e-learning, or OTT media as Indian start-up ecosystem continues to mature, consumer internet, in fintech, B2C and B2B e-commerce and payments The industry has produced more than 30 unicorns, using mobile digital payment gateway channels to complete transactions, and this proportion is expected to rise to more than 90% in the next few years.