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  • CNN NEWS 18

UPI And Aadhaar-Enabled Payment Most Used Banking Services By MSMEs: Report

The MSME sector in India is on an ambitious growth curve and in recent years, there has been a progressive change in the mindsets of small business owners towards technology adoption. In a new study, PayNearby, the digital financial services network, said that more than 71% Micro, Small and Medium Enterprises (MSMEs) in retail, use some form of digital technology for their day-to-day business operations. The report highlighted that more than 80% of MSMEs admitted that the adoption of digital technology has had a positive impact on their businesses and personal lives.

The insight was shared as part of a detailed survey titled - MSME Digital Index 2023 - a Pan-India report showcasing technology consumption by MSMEs at the last mile. The report was prepared basis a nationwide survey conducted by the company among 5,000+ MSMEs in the retail space (kirana stores, mobile recharge stores, medical stores, customer service point (CSPs), travel agents, among others), recording their tech awareness and tech consumption patterns in their professional and personal lives.

Read more at CNN NEWS 18

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