All You Need to Know About Payments in India
How Payments Work in India – A Comprehensive Guide for Businesses Doing business in a new country can be both exciting and daunting. One of the most important considerations when entering any market is how payments will be handled. In India, there are several different methods for making and receiving payments, some more common than others. In this blog, we’ll explore the ways payments work in India and provide readers with an understanding of how to handle payments when doing business in the country. Overview of Payment Methods Used in India: Before diving into the different types of payments used in India, it’s important to note that more than 80% of transactions are still done in cash. That said, there are a number of digital payment options available for businesses both big and small. In this section we’ll provide an overview of the different payment methods used in India. Cash-Based Payments: Cash is by far the most popular method of payment in India with more than 80% of transa...