New Delhi, Oct. 14 -- Union Finance Minister Nirmala Sitharaman on Tuesday stated that digital payment adaptability in India has reached 87%, a figure she contrasted with a global average of 60%.

In an interaction with students after inaugurating the dhaRti BioNEST Incubation Centre at IIT Dharwad, Sitharaman said, 'Digital adaptability in payments in India is around 87 per cent, whereas globally, it is still in the range of 60s, that's the level of fintech revolution."

India is recognised as a world leader in digital payments, accounting for nearly half of all real-time digital transactions globally. The Unified Payments Interface (UPI) is the cornerstone of India's digital payment ecosystem. It processed over 18,580 crore transactions...