India ranked 28th on government’s adoption of e-payments in 2018: EIU
India was ranked 28th among 73 countries in 2018 Government e-Payments Adoption Ranking (GEAR). India has jumped by eight positions in this ranking from 36th in 2011 which reinforces country’s progress towards digital transformation. Norway has topped 2018 GEAR list scoring 89.7 points in seven categories.
2018 GEAR
It is an Economist Intelligence Unit (EIU) global Index and benchmarking study commissioned by financial services corporation Visa. It ranks governments by quantifying their e-payment capabilities based on various indicators. It evaluates extent to which major countries around world have adopted e-payment systems, based on digital platform. The ranking is based on seven parameters viz. Government-to-Citizen (G2C), Citizen-to-Government (C2G), Business-to-Government (B2G), Government-to-Business (G2B) transactions, infrastructure, socio-economic and policy environment.
India’s performance in 2018 GEAR
India leads B2G category, along with other countries like Australia, Singapore and South Korea. It also leads in G2B category as well, along with four other countries. It was ranked third C2G category, along with four other countries, while France and UAE has topped the list in this category. In G2C category, India still lags behind at 25th place. It was also ranked very low at 58th position in infrastructure and socio-economic categories. In the socio-economic category, India was ranked 60th out of 73 countries. In policy environment, it was ranked low at 40th.
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Month: Current Affairs - October, 2018