Payments Transformation in India : The Last Decade

FrankBanker ResearchFebruary 3, 20211 MINUTES

From the snail days of Outstation, Local and high-value cheque clearing, Payment systems in India have undergone a metamorphosis. We now have world’s best multi-tiered system with 24 x 7, anywhere access. We look at some of the numbers in the decade gone by (2010-2020)

  1. Evolution of payments: A quick view of timeline
  2. Rise of Digital Payments: When was the last time you issued a cheque?
  3. Payment Metamorphosis: How value and volumes of various payment mode have changed
  4. UPI game changer- Look at Top 7 UPI payment players
FrankBanker Research

Research, reference, and insights by FrankBanker analysts.

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