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India Payment Services Market Forecast to 2023 by Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards & Payment Security Segment - ResearchAndMarkets.com
[December 17, 2018]

India Payment Services Market Forecast to 2023 by Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards & Payment Security Segment - ResearchAndMarkets.com


The "India Payment Services Market Research Forecast to 2023 - By Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards and Payment Security Segment" report has been added to ResearchAndMarkets.com's offering.

India Payment Services Market Research Forecast to 2023 covers the overall competitive landscape; government role and regulations, growth drivers, trends and developments. The report concludes with market projection for future for every single market described above highlighting the major opportunities and cautions for overall India payment services market.

India Payment Services Market

India payment services market, which has traditionally been dominated by cash, witnessed advancement towards digital transactions both in terms of value and volume during demonetization phase in India. Regulatory authorities such as the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) play a major role in establishing guidelines for effective working within India's payments landscape. In India, cash still dominates the entire payment landscape and is expected to lead the majority share in future.

In India, merchant payments were observed to be the central aspect of all payment services for large enterprises as well as MSMEs, which are increasingly becoming integrated with PoS and mPoS erminal devices. In addition to this, emergence of consumer mobile wallets in India has helped consumers with person-to-person funds transfer, therefore facilitating small value transactions.



Surge in growth of electronic payments in India, along with rising E-commerce and M-commerce transactions, are further expected to give a boost to numerous entities including payment gateway service providers and payment aggregators that facilitate online payments in the country.

Key Topics Covered in the Report


  • Executive Summary
  • Research Methodology
  • India Payment Services Market
  • Regulatory Framework in India Payment Services Market
  • Credit and Debit Card Coverage, FY'2013-FY'2018
  • Cross Comparison of Different Payment Modes (IMPS, AePS, USSD-BHIM and UPI) in India Payment Services Market
  • Immediate Payment Service (IMPS) Consumer Payment Landscape
  • Aadhaar Enabled Payment System (AePS) Consumer Payment Landscape
  • Unstructured Supplementary Service Data - Bharat Interface for Money (USSD-BHIM) Consumer Payment Landscape
  • Unified Payments Interface (UPI) Consumer Payment Landscape
  • India M-Wallet Market
  • India Payment Gateway (News - Alert) Market
  • India Point of Sale (PoS) Terminal Market
  • India m-PoS Market
  • CUG Cards / Prepaid Closed Loop Cards
  • Cloud / Security Outsourcing in Payments Technology

Companies Mentioned

  • AGS Transact
  • Airtel (News - Alert) Money
  • ATOM
  • Bijlipay
  • Billdesk
  • CC Avenue
  • Citrus Pay
  • Ezetap
  • Ezetap
  • Freecharge
  • ICICI Pockets
  • Idea Money
  • Ingenico
  • Ingenico ePayments
  • Instamojo
  • ITZ Cash
  • Itzcash
  • Jio Money
  • M-Swipe
  • Mobikwik
  • Mosambee
  • MPL)
  • Oxigen
  • PAX Technologies
  • Paynear
  • PayPal (News - Alert)
  • Paytm
  • PayU
  • PhonePay
  • PineLabs
  • Razor Pay
  • SBI Buddy
  • Verifone India
  • Visiontek
  • VPL

For more information about this report visit https://www.researchandmarkets.com/research/fn4cd5/india_payment?w=4


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