Why is the digital payment market growing?
The market is growing due to the increasing use of smartphones, high-speed internet access, and government initiatives promoting digital payments.
How do smartphones contribute to digital payments?
Widespread smartphone adoption creates a strong foundation for mobile payment solutions, allowing users to make online transactions easily.
What are some examples of innovative digital payment methods?
car payments directly through vehicles as an example.
How is India promoting digital payments?
India launched UPI, a system enabling instant bank transfers via mobile devices, which has significantly driven digital payment adoption in the country.