PayNearby, in its latest data report titled 'Retail-O-Nomics' highlighted that the acceptance of mPOS services grew by 11 percent among new retailers, reflecting an increasing preference for advanced payment technologies.
The report highlights an impressive 297 percent in volume across credit products, including business loans, gold loans, personal loans, and revolving credit.
This significant uptick reflects a growing awareness and demand for credit solutions at the grassroots level.
Further, the report said the Insurance policy purchases and premium collections saw a 127 percent increase in transaction volume and a 96 percent growth in new customer adoption.
This story is from the December 24, 2024 edition of The Statesman Delhi.
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This story is from the December 24, 2024 edition of The Statesman Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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