Hyderabad, January 27

Telangana State ranked second in Cashless India Scorecard prepared by Walnut app to track the growth of digital payments in the country.

The Cashless India Scorecard is meant for comparing how each state is moving towards a cashless economy post- demonetization based on an aggregate and anonymised analysis of Walnut’s over five million user data.

It ranked States based on percentage increase in overall cashless transactions, growth in shoppers using debit or credit card for the first time and growth in merchants accepting digital payments.

Cashless India Scorecard

Based on these parameters, Gujarat emerged as the number one State while Haryana and Uttar Pradesh stand in third and fourth positions respectively.

Walnut co-founder and CEO Amit Bhor said Telangana State showed a good development rate in cashless transactions post-demonetization.

Himachal Pradesh grabbed fifth place. Uttarakhand in sixth, Punjab seventh, and Andhra Pradesh stood in eighth place, followed by Maharashtra, Rajasthan, Karnataka, Tamil Nadu, Jharkhand, Meghalaya, Assom, Kerala, Goa, West Bengal, Chhattisgarh, Odisha, Bihar, Madhya Pradesh and Nagaland in that order.

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