About 42 per cent of Indians prefer making payments using the digital methods and desist from cash payments, according to a survey conducted by ACI Worldwide and YouGov.
Most of the consumers making digital payments are youngsters, revealed the survey.
The survey also found that over 32 per cent of those surveyed said that they did not use cash for festival season purchases, reports Xinhua.
"When it comes to shopping during the festive season, Indians prefer using the digital methods. The survey found that 42 per cent of consumers in India prefer digital payments with card payments preferred by 29 per cent of consumers and 27 per cent choosing to pay with cash, the official release notes," said the survey findings.
The preference for digital payments, including ‘eWallet’ and ‘UPI’ payments, is more pronounced with younger consumers.
Notably, for nearly one in three respondents, festival season spending has become largely cashless with 32 per cent of those surveyed not having used cash for festival season purchases.
