Bengaluru tops list of most digitised cities,accounts for highest card payments

Highlights:

  • According to the payments solution company Razorpay , Bengaluru has topped the list of "most digitised cities" accounting for highest card payments.
  • The Era of Rising Fintech Razorpay Software Pvt Ltd, is a Bengaluru based company.
  • Bengaluru city is followed by Hyderabad, Mumbai, Pune and Delhi.
  • The top five digitised states as per the report are Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh and New Delhi.
  • Payments made through credit and debit cards was at 50 % in the pay to merchants category in April, May, June while it was 56% in January, February and March.
  • Tamil Nadu ranked fourth in contribution in digital transactions in the country with Chennai’s share was highest at 57 %, followed by Coimbatore, Tiruppur, Salem and Erode. 
  • Tamil Nadu is among one of the most developed states in India. 
  • Razorpay predicted that 40 % of digital payments transactions would be driven by Tier-II businesses and consumers by 2020.