Chennai ranks among top 5 in digital payment transactions in 2022: Report

According to a report by payment services firm Worldline India, Chennai has become one of the leading cities for digital payment transactions in 2022 in the country. As per the report, the capital city has made 14.3 million transactions with a total value of USD 35.5 billion.

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Bengaluru has emerged as the top city for digital payment transactions:

The report by payment services firm Worldline India also stated that Bengaluru has emerged as the top city for digital payment transactions in 2022, with 29 million transactions worth USD 65 billion.

New Delhi came in second with 19.6 million transactions worth USD 50 billion, followed by Mumbai with 18.7 million transactions worth USD 49.5 billion and Pune with 15 million transactions valued at USD 32.8 billion.

Main points from the report by Worldline India:

• Chennai has emerged as one of the top digital payment transactions cities in 2022 in the country, according to a report by payment services firm Worldline India. Chennai made 14.3 million transactions with a value of USD 35.5 billion.
• Bengaluru topped the list with 29 million transactions worth USD 65 billion, followed by New Delhi with 19.6 million transactions worth USD 50 billion, Mumbai with 18.7 million transactions worth USD 49.5 billion, and Pune with 15 million transactions valued at USD 32.8 billion.
• Frequently visited physical merchant categories such as grocery stores, restaurants, clothing and apparel, pharmacy, and household appliances together accounted for over 43 percent of the total transaction volume and about 40 percent in terms of value across the country.
• E-commerce space, gaming, utility, and financial services contributed to over 85 percent of the total transaction volume and 25 percent in terms of value.
• Education, travel, and hospitality sector accounted for 15 percent of the total volume and 75 percent in terms of value.