India among top nations with potential for digital payments

In News

India has emerged strong, exhibiting a high potential in terms of digital payments and has been categorised under the break out segment among 60 countries, according to the Digital Evolution Index 2017.

Break out segment : Refers to countries that have relatively lower absolute levels of digital advancement, yet remain poised for growth and are attractive to investors by virtue of their potential,

What the report says?

  • The Fletcher School at Tufts University in partnership with Mastercard, unveiled the Digital Evolution Index 2017.
  • The Index is a comprehensive research that tracks the progress countries have made in developing their digital economies and integrating connectivity into the lives of billions.
  • The Index measures four key drivers – supply, consumer demand, institutional environment, and innovation.

India in the digital evolution

India has been experiencing rapid strides of progress with an evolving payments landscape, catalysed by the governments demonetisation decision. With new players foraying into the market and an entire gamut of solutions for alternate payments, the India payment ecosystem is growing each day


Source : Economic Times

GS III : Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property right

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