New Delhi: Around 74 per cent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to a report by Capgemini Research Institute. Also Read - COVID-19: Over 8,000 Cases For 3rd Day on Trot, India's Total Tally Nears 2 Lakh-Mark; Death Toll Stands at 5,598 | Key Points

The change comes in view of the coronavirus pandemic. As per the study, 57 per cent of the Indian consumers were interacting on mobile apps prior to the pandemic and currently, around 67 per cent consumers use the medium. Also Read - Increased Antibiotic Use to Combat COVID-19 Will Lead to More Deaths, Says WHO



India has been ranked highest in the use of digital touchpoints in next 6-9 months, with strong growth in voice assistants and chatbots as emerging channels of interaction for banking and insurance segment. Also Read - Coronavirus LIVE: Over 8,000 Cases Detected in India For 3rd Day on Trot, Total Tally Nears 2 Lakh-Mark

Globally, the average number of people using a mobile app as a digital touchpoint stood during pre-Covid-19 period at 47 per cent, and currently about 52 per cent use it. Around 55 per cent is expected to use the digital medium in next 6-9 months.



The study further showed that 40 per cent of the Indian consumers were using voice assistants and chatbots pre-Covid-19 as one of the preferred digital touchpoints for banking, and this has seen a surge to 52 per cent currently, and a further increase to 59 per cent is expected over the next 6-9 months.

Similar trend has been witnessed in the insurance segment with 42 per cent of the Indian consumers using voice assistants and chatbots before Covid-19, and currently 50 per cent using them. There may be an increase to 57 per cent consumers who will use voice assistants and chatbots for insurance in next 6-9 months.

The survey noted that Indian consumers are becoming increasingly savings and safety-oriented. There is an increased appetite for saving and safety, which is likely to persist post the pandemic.

The study highlights that 85 per cent of the Indian consumers prefer to save more in the next 6-9 months as compared to 80 per cent in the current period and 72 per cent before Covid-19.

Additionally, it has been observed that 77 per cent of the Indian consumers prefer to increase their savings in safe instruments than investing in the stock market or any high-risk financial products in next 6-9 months compared to 73 per cent in the current scenario and 66 per cent during the pre-Covid 19 period.