In a survey conducted in 2020 to analyze the changing consumer sentiments concerning the COVID-19 pandemic in India, the respondents over the age of 40 were more inclined towards using credit and debit cards for payment. Contrary to this, UPI and online wallets were more popular with younger consumers.
Preferred mode of payment since the coronavirus (COVID-19) pandemic across India in 2020, by age
Characteristic
Cash
Credit and debit card
UPI and online wallet
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-
-
-
-
-
-
-
-
-
-
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KPMG. (July 1, 2020). Preferred mode of payment since the coronavirus (COVID-19) pandemic across India in 2020, by age [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1177684/india-preferred-mode-of-payment-since-covid-19-by-age/
KPMG. "Preferred mode of payment since the coronavirus (COVID-19) pandemic across India in 2020, by age." Chart. July 1, 2020. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1177684/india-preferred-mode-of-payment-since-covid-19-by-age/
KPMG. (2020). Preferred mode of payment since the coronavirus (COVID-19) pandemic across India in 2020, by age. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1177684/india-preferred-mode-of-payment-since-covid-19-by-age/
KPMG. "Preferred Mode of Payment since The Coronavirus (Covid-19) Pandemic across India in 2020, by Age." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1177684/india-preferred-mode-of-payment-since-covid-19-by-age/
KPMG, Preferred mode of payment since the coronavirus (COVID-19) pandemic across India in 2020, by age Statista, https://www.statista.com/statistics/1177684/india-preferred-mode-of-payment-since-covid-19-by-age/ (last visited September 01, 2024)
Preferred mode of payment since the coronavirus (COVID-19) pandemic across India in 2020, by age [Graph], KPMG, July 1, 2020. [Online]. Available: https://www.statista.com/statistics/1177684/india-preferred-mode-of-payment-since-covid-19-by-age/