India’s e-commerce market to grow by 84% to $111 Billion by 2024
Projected to grow 21 per cent annually over the next four years
Accelerated adoption of digital tech owing to COVID-19 would contribute to it
The data were coined by fortune 500 fintech firm FIS
The report says countries like India underwent a shift in consumer behaviour due to COVID-19
Digital wallets and credit and debit card were the most popular payment methods online in 2020
The report also says digital wallets will overtake cash as the most popular in-store payment method
