The number of E-money payments per inhabitant in India in 2023 was 4.51. From 2024 to 2028, forecasted growth shows a steady increase: 4.78 in 2024, 5.05 in 2025, 5.31 in 2026, 5.57 in 2027, and 5.83 in 2028. Year-on-year variations are as follows:
- 2024: +6.00%
- 2025: +5.64%
- 2026: +5.15%
- 2027: +4.89%
- 2028: +4.67%
The compound annual growth rate (CAGR) over the five forecasted years is approximately 5.27% per year, indicating a consistent upward trend in E-money payments per inhabitant.
Future trends to watch for include innovations in digital payment technologies, increased smartphone penetration, regulatory changes, and evolving consumer preferences which could further accelerate the adoption and frequency of E-money payments.
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