The travel industry has grown by 50 percent, while real estate has seen an increase of 69 percent in the first three months of this year.
Digital Payments
The first quarter of this year has seen a 76 percent increase in online transactions. This increase has been recorded in the first quarter of this year as compared to the same period in 2020. During this period, more than 50 percent of all online transactions in Tier 2 and Tier 3 cities and towns continued. A new report has claimed this on Monday. After a massive drop due to the epidemic in 2020, the travel industry has grown by 50 percent, while real estate has seen a 69 percent increase in the first three months of this year.
With the opening of tourism, Jammu and Kashmir has made it to the top 10 digitally inclusive states / union territories for the first time. Jammu and Kashmir has got ranking above states like Uttar Pradesh, Madhya Pradesh and Haryana with a 36 percent increase in online transactions during the January-March period.
This has been revealed in the data presented by full-stack financial solutions company Rajorpe in its ‘The Era of Rising Fintech’ report. Payment options such as Buy Now Pay Letter (BNPL) have seen a jump of 569 percent in the last 12 months. This boom has been seen with the preference of consumers avoiding bulk payment and affordable payment mode.
Attention is being given to UPI payment, after which debit card, credit card and netbanking number comes. Vednarayan Vedantham, head of SME business in Rajorpe, said in a statement, “More than 50 percent of this digital adaptation is currently coming from Tier 2 and Tier 3 cities, which shows that it is not just an urban fact.”
Small businesses are providing new payment methods and reaching a wider customer base, which crosses geographic boundaries. ” Consumers are increasingly ordering online in the last few months and the F&B industry has seen a 69 percent growth from January to March.
The report stated, “Schools, colleges and online educational institutions have increasingly accepted online payments for fees and salary payments, reflecting a 40 percent increase in online transactions.”
(IANS)
read this also:
The security of the head of Facebook is no less than PM Modi, he spends 1,72,73,55,200 rupees in a year
careful! More than 5 lakh users of Huawei are in big danger, do it in a quick phone
.