Biryani, BSE And Bills: All About A Billion Razorpay Transactions In FY22
One of the takeaways from data analysis is that trading activity grew 247% over previous financial year
Topics
Razorpay | Trading | payments
BS Reporter |
Shashank Kumar, Co-Founder & CTO, Razorpay
facilitated over a billion transactions during FY22. The company analysed this data to understand how and when India spent its money online. The analysis found India loved food (Biryani),
tradingonline (BSE) and loved the convenience of paying utility bills. The transaction covers the period of April 1, 2021 to March 31, 2022.
- Online food orders grew 3x year on year with the highest amount on them being spent on New Year’s Eve.
- The amount of biriyani ordered could feed every passenger passing through Howrah railway station, for three weeks.
- Grocery orders grew almost 4x with Sundays witnessing a peak in shopping
- People spent 40% above the monthly average on fitness in January as many New Year’s Resolutions were formed.
- Payments to dieticians reached an annual high on December 31, 2021
- There were 10 financial trades every second on an average
- Trading activity grew 247% over previous financial year
- Billing and recharge transactions jumped 4x this year
- Spends on Valentine’s day got bigger. On Feb 14, 2022 India spent 7x the daily average on flowers.
- Matchmaking transactions grew by 63%. The number of transactions on matrimonial services would equate to at least 125 jumbo jets full of happy couples.
- Jewellery was a common presence in shopping carts, with Dhanteras accounting for 5x daily average.
- The annual spend on jewellery and watches would cover the cost of 100 Rolls Royce Ghosts.
- India likes to shop for diapers at midnight. The amount spent on baby products could buy 50 diapers for every child born in India this year.
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First Published: Tue, April 05 2022. 17:07 IST
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