Chart of the Week October 20, 2022: The global surge in Digital Payments

Summary: A comparison between emerging economies across different geographical regions and high-income economies reveals the colossal magnitude of the digital payments revolution. The closer the economies are to the top-left corner, the stronger their growth in digital payments usage between 2014 and 2021. The concentration of high-income countries in the top-right corner reflects a well-established […]

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Chart of the Week August 26, 2022: India’s UPI-led Digital Payments Revolution

Summary: Over the past few years, digital payments witnessed exponential growth in India, driven by payments via the Unified Payments Interface (UPI) which was launched as a pilot project in 2016 by the National Payments Corporation of India (NPCI). The volume and value of UPI-based transactions grew by 50 and 75 times, respectively from FY […]

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