India becomes global leader in financial transactions

India has become the global leader in real-time financial transactions with 41 million transactions per day, which is more than double that of the last year, says an international report.

The COVID-19 pandemic has seen India doubling its every day real-time transactions at 41 million, says the latest report from FIS, which is a leading provider of technology solutions for merchants, banks and capital markets firms globally.

According to the report released, six other countries also saw more than doubling of their real-time payment transactions year-over-year, while four saw at least a twofold increase in transaction value.

But in terms of the growth rate, the list is topped by Bahrain with 657% growth, followed by Ghana clipping at 488%, the Philippines growing at 309%, Australia at 214%, and Poland at 208%.