Today: 2 August 2025
20 April 2021
2 mins read

Lockdown fuels growth of E-commerce, OTT, gaming

E-commerce, OTT, gaming saw over 100% growth in 2020. The OTT segment witnessed an incredible 144 per cent increase in the number of transactions and a 139 per cent increase in expenditure between 2019 and 2020

Advantage OTT, Gaming and e-commerce. Covid spread has fuelled the growth of tech sector. Amid the pandemic, online payments, indoor entertainment and gaming witnessed over 100 per cent growth in India last year, a new report said.

 As theatres and offline entertainment avenues remained shut consumers turned to indoor entertainment, the OTT segment witnessed an incredible 144 per cent increase in the number of transactions and a 139 per cent increase in expenditure between 2019 and 2020, according to online payments solution provider PayU.

 The pandemic gave a huge boost to online payments, seen in the 24 per cent increase in the number of transactions and 23 per cent increase in expenditure across the PayU platform, year on year.

 “PayU is committed to partnering with merchants to facilitate adoption of digital infrastructure,” said Hemang Dattani, Head- Data Intelligence, PayU.

 Interestingly, during the festive season (October-December 2020) there was a 45 per cent spike in the number of online transactions vis-a-vis the same period in the previous year.

 The number of UPI transactions grew by 288 per cent and expenditure through UPI grew a phenomenal 331 per cent between 2019 and 2020.

 The gaming segment saw a phenomenal 100 per cent increase in expenditure and a 154 per cent increase in average ticket size between the two years.

 “For gaming and entertainment, the number of transactions made at night increased by 34 per cent while the number of transactions made during the day decreased by 11 per cent in 2020 vs. 2019, an indication of the increased dependence on indoor entertainment while working from home,” the findings showed.

  Travel and hospitality were some of the most impacted sectors with an 86 per cent drop in the number of transactions and expenditure between pre and post-COVID quarters (January-March vs April-June 2020).

 Compared to 2019, there was a 46 per cent drop in the number of transactions and a 52 per cent in drop in expenditure in ’20.

 “Edtech emerged as a winner, with a 78 per cent increase in the number of transactions and a 44 per cent increase in expenditure,” the report mentioned.

Previous Story

Curfew extended in Kuwait until Ramadan end

Next Story

‘Only 1% jabs deployed in poor nations’

Latest from -Top News

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite

Famine grips Gaza, WHO warns

WHO said Gaza’s population is facing acute food insecurity under the Integrated Food Security Phase Classification…reports Asian Lite News The World Health Organisation (WHO) has issued its starkest warning yet about the

Lifeline from UAE to Gaza

UAE’s Operation Chivalrous Knight 3 sustains Gaza’s collapsing health system with hospitals, treatment, aid, and vaccines, offering vital relief to thousands amid deepening crisis….reports Asian Lite News The United Arab Emirates has

Modi, MBZ talk big ties

The call reaffirmed their keenness to “strengthen relations in line with their shared vision to leverage opportunities and deepen strategic cooperation.”…reports Asian Lite News In a significant diplomatic engagement, Prime Minister Narendra
Go toTop

Don't Miss

US holiday e-commerce sales growth slows down: Report

US e-commerce sales expanded at a much slower pace in

Latest shows and films to binge watch on OTT

We’re excited to see Ana de Armas transform into the