Friday February 28, 2020
Home Business Digital Trans...

Digital Transactions in Delhi-NCR Grew by 235% Last Year: Razorpay

Online transactions in Delhi-NCR grew 235% in 2019

0
//
Online Transactions
Online transactions in Delhi-NCR grew by 235 per cent in 2019 and it was the third most digitized region in 2019. Pixabay

Digital transactions in Delhi-NCR grew by 235 per cent from 2018 (January-December) to 2019 (January-December) and the region was the third most digitised state in 2019, thus, contributing 13.05 per cent in 2019 (up from 10.9 per cent in 2018), said a new report by full-stack financial services company Razorpay on Tuesday.

“The last year has been buzzing for the fintech sector in Delhi, with the adoption of new digital payment modes and bringing the digital currency to the mainstream. The last six months saw a tremendous shift in the consumption patterns of businesses and consumer preferences of digital payments in the region.

“With UPI growing by a whopping 442 per cent in Delhi, I am certain that this payment method will overtake cards by at least 20 per cent in the next 12 months,” Harshil Mathur, CEO and co-founder of Razorpay, said in a statement.

Online Transactions
Credit and Debit cards contributed 46 per cent in digital transactions. Pixabay

In 2019, Karnataka saw the highest adoption of digital payments (26.64 per cent) followed by Maharashtra (15.92 per cent) and Delhi NCR (13.01 per cent).

While the usage of cards (46 per cent) and netbanking (11 per cent) saw a decline in 2019, down from 56 per cent and 23 per cent for cards and netbanking, respectively in 2018, UPI (38 per cent) went up from 17 per cent in 2018.

Amazon Pay was the most preferred wallet among consumers (33 per cent), followed by Ola Money (17 per cent) in 2019.

Also Read- India Witnesses Fall in the Number of Cyber Threats in 2019: Kaspersky

The top three sectors in digital payment adoption for 2019 were food and beverage (26 per cent), financial services (12.5 per cent) and transportation (8 per cent).

Among UPI, Google Pay contributed 59 per cent, PhonePe contributed 26 per cent, followed by Paytm (7 per cent) and BHIM (6 per cent) in digital transactions in 2019. (IANS)

Next Story

Microsoft Xbox Series X to Have Instant Game Resume Feature After Reboot

Xbox Series X will instantly resume games after reboot

0
Xbox Series X
There will be a quick resume feature for the Xbox Series X, which would instantly resume multiple games after the console has rebooted, or even after switching titles. (Representational Image). Pixabay

Larry Hryb, the head of Microsoft Xbox Live, has announced a new quick resume feature for the Xbox Series X, which would instantly resume multiple games after the console has rebooted, or even after switching titles.

“I had to reboot because I had a system update, and then I went back to the game and went right back to it, so it survives a reboot,” The Verge quoted Hryb as saying recently.

According to the report, Microsoft used a similar feature on the Xbox One to resume games, but the Xbox Series X will resume multiple games from a suspended state whether the user rebooting the console, switching games, or resuming from standby.

Microsoft had earlier confirmed that the Xbox Series X will include 12 teraflops of GPU performance, which is twice of what is available in the Xbox One X and eight times the original Xbox One.

Xbox Series X
Microsoft Xbox Series X will be powered by custom designed AMD CPU based on Zen 2 and Radeon architecture. (Representational Image). Pixabay

Overall, the Xbox Series X will come with significant upgrade over the Xbox One X in terms of processing power and will house new features for immersive gaming experience.

The console is designed to be used in both vertical and horizontal orientations and it will deliver four times the processing power of Xbox One X in the most quiet and efficient way.

Microsoft Xbox Series X will be powered by custom designed AMD CPU based on Zen 2 and Radeon architecture.

Also Read- Facebook To Ban Misleading Ads Regarding Novel Coronavirus

It will also support 8K gaming, frame rates of up to 120 fps in games, ray tracing, and variable refresh rate support.

As per report, the Series X is designed for a future in the cloud and it will combine hardware and software to make it as easy as possible to bring great games to both console and elsewhere. (IANS)