Bengaluru: Worldline India (WLN) has released an analysis of the transactions processed by them in the first 10 months of CY22 (January– October 2022) has derived some unique insights. Bengaluru has topped the list in terms of volume at INR14.82mn as well as the value at INR 36.2bn of transactions. Festive season sales and a rise in consumption has helped Bengaluru take top spot in digital payments transactions. Hyderabad, Chennai, Mumbai and Pune are the other cities who are in the top 5 list of highest digital transactions. Category-wise grocery, restaurants, clothing and apparel E-Commerce and gaming witnessed the highest volumes.
The period from January to October 2022, saw frequently visited physical merchant categories like grocery stores, restaurants, clothing and apparel, pharmacy and medical, hotels, jewelry retail, specialty retail, household appliances, and departmental stores while in the online space category wise, e-commerce (shopping for goods and services), gaming, utility and financial services together accounted for over 86% in terms of volume.
Ramesh Narasimhan, Chief Executive Officer – India, Worldline, today both customers and sellers are being more receptive towards digital payments. Digital payments are gradually becoming line a commodity and forming a subtle yet an interal part of our lives. The swift adoption of digital payments can be witnessed with each pasing quarter. Popular payment instruments like UPI, cards, PPIs are already clocking over 23 billion transactions in quarter, We are grad to share our analysis of out transactions processed for the top 5 cities in india with highest digital transactions” he added.
Worldline is a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. Powered by c. 18,000 employees in more than 40 countries, Worldline provides its clients with sustainable, trusted and innovative solutions fostering their growth. Services offered by Worldline include in-store and online commercial acquiring, highly secure payment transaction processing and numerous digital services. In 2021 Worldline generated a proforma revenue close to 4 billion euros.
