Digitzatiob in India is transforming businesses and governments. Be it paying a vegetable vendor through a United Payment Interface — a system that powers multiple bank accounts into a single mobile application and also caters to the “Peer to Peer” collect requests which can be scheduled and paid per requirement and convenience, — or filing taxes online, India is adapting to a digital lifestyle at a rapid pace.
This is reflected in the 53.9 ratings of India’s central bank, the Reserve Bank of India’s Financial Inclusion Index for March 2021 which indicates that over half of the country’s 1.3 billion population is online and uses online services.
Successive attempts by the government through programs such as Digital India have empowered a large part of the population with basic digital literacy skills. E-commerce has been a boon to small businesses to grow and expand their reach.
Currently, digitized banking has reached over 420 million people in India, allowing for digital financial inclusion and socio-economic behavioral changes. India’s rural and semi-rural population use digital gateways securely. Due to this, the country’s digital payment value is expected to double to $135 billion by 2023, according to a 2019 study by industry body ASSOCHAM and PwC.
Technology is speeding up India’s digital inclusion revolution by offering easy-to-use mobile applications, multiple regional language modes, fast, safe, and secure transactions.
Last updated: December 26th, 2025
