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Digital payments: India pips China, US, others in 2020; leads global tally with this many transactions

Like THIS,

FCXZxbgVQAo44FJ
what kind of retarded bs is this?
Do the person who made this knows the concept of real time ?
Such graph is impossible
1636985068457.png

No wonder this bs is concocted by some Indian site ,only they could pull such bs.
 
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what kind of retarded bs is this?
Do the person who made this knows the concept of real time ?
Such graph is impossible
View attachment 793494
No wonder this bs is concocted by some Indian site ,only they could pull such bs.
Divine revelation from the land of Ching Ping- that we cannot plot a graph for number of real time transactions~ :cuckoo:
 
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Tencent in China alone has paid more than 1 billion times online every day. As we all know, Tencent is only ranks the second online payment company in China. Alibaba ranks first.


IMG_20211115_221726.jpg
 
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Tencent in China alone has paid more than 1 billion times online every day. As we all know, Tencent is only ranks the second online payment company in China. Alibaba ranks first.


View attachment 793506

Can't read garbage.

Provide article in English and link of that article.

This is an English forum.
 
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Can't read garbage.

Provide article in English and link of that article.

This is an English forum.

stupid pajeets proud of speaking master tongue
Digital payments: India pips China, US, others in 2020; leads global tally with this many transactions

Amid Covid, India was home to the highest number of real-time online transactions in 2020 ahead of countries such as China and the US. 25.5 billion real-time payments transactions were processed in the country followed by 15.7 billion in China, 6 billion in South Korea, 5.2 billion in Thailand, and 2.8 billion in the UK. Among the top 10 countries, the US was ranked ninth with 1.2 billion transactions. The transaction volume share for instant payments India, among real-time transactions, was 15.6 per cent and 22.9 per cent for other electronic payments in 2020, according to a report by the UK-based payments system company ACI Worldwide. Importantly, paper-based payments continued to have a considerable share of 61.4 percent in India.

However, this is expected to change by 2025 as volume shares for instant payments and other electronic payments are likely to grow to 37.1 per cent and 34.6 per cent respectively. Consequently, the share of paper-based transactions would contract to 28.3 per cent. Moreover, the share of real-time payments volume in overall electronic transactions will exceed 50 per cent by 2024. “India’s journey of creating a digital financial infrastructure has been characterized by collaboration between the government, the regulator, banks, and fintechs. This has helped to advance the country’s goal of enabling financial inclusion and also provided rapid payments digitization for citizens,” said Kaushik Roy, VP and head of product management, Asia, ME and Africa, ACI Worldwide in a statement.

India’s digital payments market led by Paytm, PhonePe, Pine Labs, Razorpay, BharatPe, and others on the B2C and B2B sides has surged during the pandemic even as incentives such as cash backs, rewards, and offers have helped businesses to attract more customers. Moreover, policy frameworks such as Pre-Paid Instruments (PPI), Universal Payment Interface (UPI) by the NPCI apart from Aadhar, and the launch of BHIM-app have driven the financial inclusion and improved the payment acceptance infrastructure in the country in the past few years.

According to another report by the Indian Private Equity and Venture Capital Association (IVCA) and Ernst & Young, digital payments in India is expected to grow at 27 per cent CAGR during the FY20-25 period from Rs 2,153 lakh crore transactions in FY20 to Rs 7,092 lakh crore in FY25. UPI transaction value witnessed a growth of 18.7 per cent month-on-month to Rs 5.05 lakh crore in March 2021 from Rs 4.25 lakh crore in February 2021 while transaction volume rose by 19 per cent to 2,731.68 million from 2,292.90 million during the said period, according to data released by National Payments Corporation of India (NPCI).

usual Indian bullshit, China is cashless society (almost everything is digital), authority fines business for not accepting cash for old people sake

and China gdp is five times of India but India digital payments beat China?

Typical stupid shameless pajeets self masturbating
 
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This is an article from China Internet Technology Association. In 2020, there were 854 million active online payment users in China, and the number of online payments per capita per year was 1074, that is to say, the number of online payments in China in 2020 was 915.7 billion.

 
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stupid pajeets proud of speaking master tongue


usual Indian bullshit, China is cashless society (almost everything is digital), authority fines business for not accepting cash for old people sake

and China gdp is five times of India but India digital payments beat China?

Typical stupid shameless pajeets self masturbating

Is that why you know english ? ist your new masters language ? :lol:

LOL at your delusion and gullibility in swallowing communist propaganda.


As of December 2020, around 852.5 million people used mobile payment transactions in China, up from around 765 million users in March 2020.

So how does it feel to play the FOOL ? Thank u'r communist masers.
 
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nah, supa powa pajeets beat everyone

:lol: ..... :lol: ...... :lol:

India leads real-time payments market after China and South Korea

Not all digital transactions use real-time payments

A recent report by EIU (The Economist Intelligence Unit) explored the digital payments revolution around the world and found that India is leading the real-time payments market, followed by China and South Korea.

In terms of the mobile payment market, China leads instead, followed by India.

Whilst all digital payments rely on technology, not all of them are instantaneous like real-time payments. Real-time payments are increasingly popular, with a report recently showing that most Malaysians prefer real-time payments over others, losing only to cash payments.

Real-time payments (RTP) are essentially digital payments that can be initiated and completed instantaneously or near instantaneously. This is different from, say, credit or debit card payments that will take longer to process as they go through layers of queries and approvals.

India’s UPI driving digital payment growth

According to the report, India offers a prime example of the shift to modernize payments systems in order to keep commerce flowing and sustain economic growth. Although the country remains largely rural and therefore cash-centric, the pandemic has lifted digital payments, in terms of both volume and value, to heights far beyond the expectations of policy-makers who had created the enabling environment for their adoption.

Recently, India announced an interesting digital payment system, called e-RUPI. It is neither a cryptocurrency nor a central bank digital currency (CBDC). It is also not a digital or e-wallet either. The digital payment actually comes in the form of a pre-paid e-voucher from UPI (Unified Payments Interface).

India’s UPI illustrates how an enabling policy framework and supportive regulation can create the infrastructure needed for swift adoption. Government institutions, particularly the central bank, encouraged the use of tools such as QR codes for merchants and radio-frequency identification (RFID) tags for toll gates. This paved the way for India’s drive towards real-time payments, according to the EIU.
 
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Is that why you know english ? ist your new masters language ? :lol:

LOL at your delusion and gullibility in swallowing communist propaganda.


As of December 2020, around 852.5 million people used mobile payment transactions in China, up from around 765 million users in March 2020.

So how does it feel to play the FOOL ? Thank u'r communist masers.
:rofl: :rofl: :rofl: :rofl:
unlike u pajeets, we lost some war to British but never their colony

English is just a tool to us, but pajeets feels proud speaking it, they feel like educated :cheesy:

u are slaves to them for 300 hundred years in addition to 1000 years to Muslim masters

but no biggie, if not for Britons, india would not exist , u should be grateful for your master
Is that why you know english ? ist your new masters language ? :lol:

LOL at your delusion and gullibility in swallowing communist propaganda.


As of December 2020, around 852.5 million people used mobile payment transactions in China, up from around 765 million users in March 2020.

So how does it feel to play the FOOL ? Thank u'r communist masers.

stupid pajeets, everything come out of india mouth is a lie = fake news

go now collect more cow dung for your economy , modi needs ur help, slum dog

FEApTcfXEA0Hisn
 
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:rofl: :rofl: :rofl: :rofl:
unlike u pajeets, we lost some war to British but never their colony

English is just a tool to us, but pajeets feels proud speaking it, they feel like educated :cheesy:

u are slaves to them for 300 hundred years in addition to 1000 years to Muslim masters

but no biggie, if not for Britons, india would not exist , u should be grateful for your master


stupid pajeets, everything come out of india mouth is a lie = fake news

go now collect more cow dung for your economy , modi needs ur help, slum dog

FEApTcfXEA0Hisn

Being present day Slaves to your Ruling Elite is a LOT WORSE than being nominal slaves in the PAST.

And sadly for you, the Whole World knows that.

Let me know when you get the freedom to elect your own govt. LOL. THEN we can talk as EQUALS.

Till then I would much rather talk to your master.
 
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Being present day Slaves to your Ruling Elite is a LOT WORSE than being nominal slaves in the PAST.

And sadly for you, the Whole World knows that.

Let me know when you get the freedom to elect your own govt. LOL. THEN we can talk as EQUALS.

Till then I would much rather talk to your master.

stupid cow piss drinking pajeet slum dog, whole world know this
FEQjj-UWUBAn8Np

Like THIS,

FCXZxbgVQAo44FJ

load of ridiculous bull crap to feed pajeets shit into their shit low iq brain, laughing stock

stick with cow piss drinking and cow dung eating, indeed u best and beat everyone else by a wide margin :rofl:
 
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What the heck is the definition of "Real-Time payment transactions"?

Indians are good at twisting words to fit their desired effect to fool themselves. They can always find a yoga angle to enjoy butthurt like orgasm.
 
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