When Virat Kohli walked into the Adelaide cricket ground on 23rd October 2022, between 3.30 and 5.15 PM IST, online payments fell by almost 40% in value when compared to the hours before the match.
The FIFA World Cup final between Argentina & France on 18th December 2022, between 8.30 PM and midnight, saw the number of hourly food transactions swell to 1.7 times the average.
The launch of the movie, Pathaan on big screens single-handedly drew India whistling and dancing to the big screen, with a massive 70% jump in multiplex transactions.
Co-working spaces saw a massive 245% increase in transactions while the number of payments made for cab services grew 7 times.
Spends on flight tickets grew by 83% and expenses on hotel accommodations nearly doubled in value. Online travel aggregators saw a 224% increase in transaction value.
In FY23, spending on dining increased 2.5 times and transaction volumes jumped by 162% in comparison to the last financial year.
As per transactions held on Razorpay’s offline payments platform, Ezetap, in-store payments grew 88% by value and transactions more than doubled in number across most metros.
Apparel (127%), Jewellery (88%), Electronics (60%) and Grocery (46%) spending grew substantially.
The top 5 cities that saw steep growth in in-store payment volumes include Gurugram (160.93%), Pune (153.77%), Bengaluru (145.26%), Chennai (107.86%) and Kolkata (106.02%).