Union Budget 2023-24
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Indian digital payments industry to more than triple to $10 tn by 2026

The Indian digital payments ecosystem will nearly triple to $10 trillion by 2026 from the current $3 trillion led by growth in merchant payments. The major contribution for the digital payments’ growth would be from merchant payments that are expected to significantly digitise in the next five years, increasing from 20 percent digital penetration by value today to about 65 percent by 2026.