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Digital Payments Market Increase
WebCanvas: survey said - Online shopping will continue even after lock down, लॉक डाउन के बाद भी जारी रहेगी ऑनलाइन खरीदारी | | words.neteyes  (#Image for representation only)
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Digital Payments Market Increase 
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Digital Payments Market Increase  

5/3/2020
survey said - Online shopping will continue even after lock down, लॉक डाउन के बाद भी जारी रहेगी ऑनलाइन खरीदारी |

 

Digital payments had just started picking up, If the situation persists longer, then businesses at the payments companies are going to take a beating at least for the next three-four months as people would remain cautious of going out. As per estimates, digital payments are likely to be increase.
A large part of the digital payments, both volume, and value-wise come from OTA, movie and event booking portals, and entertainment (that includes retail shops, food courts, bars, and restaurants). These categories together form around 40 % of the total digital payments universe. The rest comes from utility bills and financial services segments.

Segments that will impact digital payments due to COVID19
Airlines
Travel/Tourism
Hospitality
Malls/retail
Theatres/multiplexes
Restaurants and bars
Entertainment parks

Sectors that will boost digital/card-based payments
Small grocery stores
onTop media such as Netflix, Amazon Prime, Hotstar
Online money transfer
Online-gaming
Broadband usage
ATM withdrawals

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