The value of transactions grew 12% in June. E-commerce (381%), edtech (311%), gaming (250%), and healthcare (192%) have recorded the highest adoption rate.
“UPI, for example, has grown by approximately 230% in April-June this year as compared to January-March on the Razorpay platform. Tier-2 and -3 cities continue to contribute over 50% of all online transactions on Razorpay, which indicates that this is not just an urban phenomenon.” Kumar added that all sectors, except travel, housing and real-estate, have started recovering to pre-lockdown levels. Between March last year and now, sectors such as e-commerce (381%), edtech (311%), gaming (250%) and healthcare (192%) have recorded the highest adoption rate in terms of volume of online transactions.