Market Research Report
India Payment Processing Solutions Market By Payment Method (Credit Card, Debit Card, E-wallet), By End User Industry (Retail, Hospitality, Utilities, Telecommunication, Others), By Region, Competition, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||938736|
|Published||Content info||72 Pages
Delivery time: Inquiry
|India Payment Processing Solutions Market By Payment Method (Credit Card, Debit Card, E-wallet), By End User Industry (Retail, Hospitality, Utilities, Telecommunication, Others), By Region, Competition, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 72 Pages||
India payment processing solutions market is expected to grow at a formidable rate during the forecast period. The key factor driving India payment processing solutions market is the government's digital India concept and increasing use of online transactions. Additionally, high proliferation of smartphones and growing internet penetration are further expected to propel the market during forecast period.
The India payment processing solutions market is segmented based on payment method, end user industry, company and regional distribution. Based on payment method, the market can be categorized into credit card, debit card and E-wallet. The debit cards and credit cards are expected to dominate the market during the forecast period. This can be accredited to the widespread card network of financial institutes. Furthermore, the widespread adoption of POS systems also encourages the widespread use of these cards for payment. Based on end user industry, the market can be fragmented into retail, hospitality, utilities, telecommunication and others. The hospitality segment holds the majority share in the market owing to the widespread adoption of digital payment solutions across the industry.
Major players operating in the India payment processing solutions market include PayPal, Paytm (One97 Communications), PayU Payments Private Limited, Razorpay Software Private Limited, Atom Paynetz Payment Gateway (FT Group), DirecPay, MobiKwik, EMVANTAGE Payments Private Limited, E-Billing Solutions Pvt Ltd., State Bank of India, HDFC Bank Ltd and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India payment processing solutions market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India payment processing solutions market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India payment processing solutions market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: