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  • India Innovation Index 2020 will be out Wednesday
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Indians prefer Paytm over card payments, cash-on-delivery or UPI: Study

Indians prefer Paytm over card payments, cash-on-delivery or UPI: Study

Kolkata, Jul 3 (UNI) India’s leading financial service provider Paytm is the most used payment

method in the country, much ahead of other methods such as credit & debit card payments,

cash-on-delivery, UPI platforms or NEFT.

As per the research study conducted by Rapyd, 85% of people surveyed have used Paytm

to pay for goods & services online and offline in recent months. Visa Credit Card and

Cash-on-Delivery were the other two most used payment methods after Paytm.

In March and April 2020, Rapyd conducted a research study to understand the financial habits, payment method choices, considerations and preferences of consumers in seven different APAC

countries, including India, Indonesia, Japan, Malaysia, Singapore, Taiwan and Thailand.

The survey is focused to understand the payment methods consumers currently use and the

payment methods they prefer to use.

The report further states that even in terms of preference, Paytm is ranked at the top slot with

20.3% respondents preferring it over any other payment method. Visa Credit Card was chosen

by 10% and cash-on-delivery by 5.9% of respondents respectively.

Industry insiders cite Paytm’s huge ecosystem and a wide array of use-cases as the reason for

its success. Currently, Paytm has over 200 use cases from entertainment & travel ticketing to utility payments.

The report highlights that India’s payments ecosystem is in the middle of a transformation from

a cash economy to one driven by digital payments.

However, cash as a payment method is still extremely popular among Indian shoppers. As per

the findings, eWallet payments are expected to grow by 52% through 2023.

UNI BM SJC

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SpiceJet ties-up with Adani Ahmedabad Int Airport for delivery of Covid-19 vaccine

SpiceJet ties-up with Adani Ahmedabad Int Airport for delivery of Covid-19 vaccine

19 Jan 2021 | 4:58 PM

Kolkata, Jan 19 (UNI) With the launch of the biggest vaccination drive in India in the fight against Covid-19 pandemic, SpiceJet, has taken yet another step forward and signed a Memorandum of Understanding (MoU) with Adani Ahmedabad International Airport Limited (AAIAL) which operates Sardar Vallabhbhai Patel International Airport to provide seamless transportation of Covid-19 vaccine.

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India Innovation Index 2020 will be out Wednesday

19 Jan 2021 | 4:49 PM

New Delhi, Jan 19 (UNI) The second edition of the India Innovation Index 2020, capturing the trends and providing detailed analyses of the various factors that drive innovation at the country, state, and district levels will be released on Wednesday.

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Bullion Market opening rates

19 Jan 2021 | 3:58 PM

Chennai, Jan 19 (UNI) Following is the bullion markets
opening rate here today.

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Bullion Market Closing Rates

19 Jan 2021 | 3:43 PM

Chennai, Jan 19 (UNI) Following is the bullion markets
closing rate here today.

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UST Global announces rebrand to its name, changes as UST

19 Jan 2021 | 3:15 PM

Thiruvananthapuram, Jan 19 (UNI) UST Global, now UST, a leading digital transformation solutions company, has announced a rebrand to its name, visual identity, and a purpose that re-affirms the company’s position as an industry leader, its unique people, innovation, nimbleness, and commitment to client success.

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