Mumbai (Maharashtra) [India], October 7 (ANI): Vikas Bansal, CEO of Amazon Pay India, highlighted the rapid growth and widespread adoption of digital payments across the country, noting a major shift in consumer behaviour toward cashless transactions.
Talking to ANI, on the sidelines of Global Fintech Fest (GFF) 2025, Bansal said, "The progress that the country has made due to digital payments is very good. 90 per cent of people now prefer digital payments. Offline payments, which were previously done only in cash, now more than 50 per cent of people prefer digital payments for offline purposes."
He pointed out that the adoption is no longer limited to urban centres.
Citing to a joint report released by Kearney India in collaboration with Amazon Pay titled 'How Urban India Pays 2025', h