As per the World Payments Report 2017, China is likely to be ahead of India in digital payment. It is a stunning remark in the backdrop of a major push in digital payment by Indian government following the Demonetisation. The World Payments Report 2017 states that china will see a stable growth of 36 percent in digital transactions during 2016-20 while India is likely to grow up at an average of 26.2 percent during the same period.

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