ZEE5 Intelligence Monitor Launches Its 5th Report - Digital Payments Growth

Mumbai, Maharashtra, India – Business Wire India • Tier II markets emerging as the hotbed for digital payments in India; 73% loving the ease of use • As per the report, 63% of debit card users preferring mobile wallets and UPI, 57% of users overall feel secure using mobile wallets/UPI, 50% of users feel progressive and tech-savvy ZEE5, India's largest home-grown video streaming platform and multilingual storyteller for entertainment seekers, launched the fifth edition of its knowledge series 'ZEE5 Intelligence Monitor', deep diving into the trends and consumption patterns of digital payments.

The Digital Payments industry edition sheds light on how its entire ecosystem has evolved in recent years and where it is headed. It highlights how the adoption of digital payments has gathered critical mass in India especially due to the democratisation of affordable smartphones and the proliferation of Internet and connectivity. It also calls attention to women feeling empowered with digital payments as it gives them a sense of being independent and tech savvy. The survey also accentuates how digital payments are becoming omnipresent in India, as people are not only using more than one app to pay digitally but have also found multiple use-cases to pay through their phones.

Key Highlights of the Digital Payments Report: • The survey found that Tier II markets are emerging as the hotbed for digital payments in India and the reasons for the inclination being ease of use (73%) and instant transactions (63%).

• Digital payments are gaining prominence over traditional financial systems with 63% of debit card users preferring mobile wallets and UPI.

• 57% of users feel secure using mobile wallets/UPI.

• 54% of users use more than three apps to avail offers and discounts.

• 63% of the people surveyed mentioned that the top reason to avail digital payments is 'ease of use', followed by 56% saying 'cashback offers' and 51% of them considering 'faster transaction' as a reason to use these apps.

• The top three categories of spending on mobile wallets/UPI apps, according to the report, were mobile bills (50%) followed by online shopping (40%) and utility bills (42%) • 50% of users feel progressive and tech-savvy while using mobile wallet/UPI To download the full report, click here. Launching the report, Rajiv Bakshi, Chief Operations Officer - Revenue, ZEE Entertainment Enterprises Limited, said, "The ZEE5 Intelligence Monitor – Digital Payments Report unravels the key trends of the digital payments sector which has become ubiquitous across regions with increase in adoption of a digital-first lifestyle. ZEE5, with its strong presence in both metros and non-metro cities, has a significant access to monitor, map and access data in determining consumption habits, purchase behaviour and consumption patterns. As a consumer-first brand, we invest in identifying audience's preferences to cater to them more efficiently, alongside empowering the marketers to tap into the audience base to edge a better connect and expand their products' reach. We discovered interesting insights which brand marketers can use at their advantage; some findings that also challenge conventional notions of digital behaviour with respect to personal finance." A first of its kind, 'ZEE5 Intelligence Monitor' seeks to uncover transformative consumer behaviour, attitudes, and aspirations across multiple industries ranging from e-commerce, EdTech, online gaming to smartphones, presenting an unmatched opportunity to advertisers to access a hyper-enriched predisposed audience cohort across multiple demographics and geographies. Through this series, ZEE5 aims to identify trends, map behaviours, and deliver actionable insights into consumers' attitudes toward products and services in emerging and fast-growing industries.

ZEE5 is known for its diversified content across 100+ taste clusters and its focus on real, relevant, and resonant storytelling. Today, ZEE5 is home to over 5 lakhs+ hours of on-demand content and 160+ live TV channels. With a rich library of over 3,500 films; 1,750 TV shows, 700 originals, ZEE5 offers content in 12 Indian languages: English, Hindi, Bengali, Malayalam, Tamil, Telugu, Kannada, Marathi, Oriya, Bhojpuri, Gujarati, and Punjabi. The platform has an exciting line-up for 2023 that will add to its extensive library of content offering a wider array of catalogue to entertainment seekers.

About ZEE5 ZEE5 is India's and Bharat's largest homegrown video streaming platform and the multilingual storyteller for millions of entertainment seekers. ZEE5 stems from the stable of ZEE Entertainment Enterprises Limited (ZEEL), a Global Content Powerhouse. An undisputed video streaming platform of choice for consumers; it offers an expansive and diverse library of content comprising over 3,500 films; 1,750 TV shows, 700 originals and 5 lakhs+ hours of on-demand content. The content offering spread across 12 languages (English, Hindi, Bengali, Malayalam, Tamil, Telugu, Kannada, Marathi, Oriya, Bhojpuri, Gujarati, and Punjabi) includes best of Originals, Indian and International Movies, TV Shows, Music, Kids shows, Edtech, Cineplays, News, Live TV, and Health & Lifestyle. A strong deep-tech stack, stemming from its partnerships with global tech disruptors, has enabled ZEE5 to offer a seamless and hyper-personalised content viewing experience in 12 navigational languages across multiple devices, ecosystems, and operating systems. Follow ZEE5 on: Facebook: Facebook.com/ZEE5 Twitter: Twitter.com/ZEE5 Instagram: Instagram.com/ZEE5 Official Social Media Platforms: Twitter: ZEECorporate/Twitter.com Facebook: ZEECorporate/Facebook.com LinkedIn: ZEECorporate/Linkedin.com To View the Image, Click on the Link Below: ZEE5 Intelligence Monitor: Digital Payments Growth report

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)